Egide announced that on July 28, 2014, Ms. Catherine Gerst, an independent director since May 13, 2011, notified the company of her decision to tender her resignation as Board member for personal reasons with immediate effect. The Board of Directors' meeting held on August 11, 2014 duly noted this resignation and, at the same time co-opted Sigma Gestion to serve as director, replacing the directorship vacated by Ms. Catherine Gerst's resignation, for the remainder of the latter`s term of office or until the end of the ordinary general meeting to be called in 2017 to approve the financial statements for the fiscal year ending December 31, 2016.