The Board of Directors of the Company met in Nicosia on 21 June 2016. The Directors reviewed the Company’s activities to date, approved the 31st March 2016 management accounts, approved the 2016 budget of the Company and discussed the future activities and possible investment opportunities for the Company. At this meeting, the Board of Directors had invited the representatives of the Company’s subsidiaries to come to Cyprus and present the operations of their businesses, analyse their competitive advantages, risks and challenges. The Board of Directors had the opportunity to ask the representatives a series of questions and was fully satisfied with the answers received.