(Alliance News) - ABC Company Spa announced Wednesday that it has received the resignation, effective immediately, of independent director Andrea Novello from his position as a board member of the company.

The resignation, the statement said, "is strictly personal and related to an increased professional commitment required by other corporate entities where he is directly involved."

Andrea Novello has also expressed his willingness to support the company as a member of the Advisory Board.

Director Andrea Novello holds, through a corporate vehicle traceable to him, an interest of 59,000 A shares in ABC Company.

The new director will be appointed at the next ordinary shareholders' meeting based on nominations submitted by shareholders.

ABC Company on Wednesday closed flat at EUR3.30 per share.

By Chiara Bruschi, Alliance News reporter

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