Management buy-out and director steps down

On September 30th 2010 one of the directors of Efios, Mrs. Wolleter Rojas, resigned as a director and shareholder as part of a settlement between her and Efios. The settlement is the result legal proceedings that were started by the resigned employee. The other director acquired all her shares at nearly nominal value, and Wolleter Rojas stepped down. “After three years of disagreement with Wolleter Rojas, Efios can now focus again on developing business and returning to its core activities” according to a company statement. “As she was a latent director there will be no impact on Efios’ operations as customers know it”.