The Board of Directors of PCAS has announced the resignation, as directors, of Mr. Michel Baulé and Mr. Bruno le Bourhis (representing Eximium). The Board also decided to appoint Mrs. Jacqueline Lecourtier and Mr. Jean-Robert Kervarec for the remainder of the terms of the directors who have resigned that is until the Shareholder's Meetings to be called to approve the financial statements for the years 2016 and 2014, respectively. These proposals will be submitted for ratification to the next Shareholder`s Meeting on April 23, 2014.