150508 press release board resignations


Lugano, 8 May 2015
Resignation of Board Members
With letter of 6 May 2015, Mrs Irene Umansky, President of the Board of Directors of OTI Energy SA, has communicated to the Company her resignation as president with immediate effect. Mrs Umansky mentioned the recent events already communicated by the Company (see press release of 29 April 2015) as reasons for her decision.
Subsequent to this announcement, Mr Nikolay Karailiev has also submitted his resignation as Member of the Board with letter of 7 May 2015, citing personal reasons for this step.
With regret the Board has taken note of these resignations and expresses its gratitude to Mrs Umansky and Mr Karailiev for their commitment to OTI Energy SA.
The Company is dedicating all efforts to address the recent challenges and to find solutions both for its business development and the completion of its board.
Further inquiries:
Nicolò von Wunster, CEO

OTI Energy SA - Via Nassa 31 - Casella Postale 6199 - 6901 Lugano

Tel. +41 91 922 00 73 - Fax +41 91 922 00 78 - Iva nr. 753763

IDI nr. CHE - 101.017.162

Email: info@oti-energy.ch- www.oti-energy.ch

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