Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers, Compensation Arrangements of Certain Officers

Resignation of Mrs. Storms and Mr. Bay from the Board and the appointment of Karen Brink in the vacant position

On February 21, 2020 Mrs. Nina Storms submitted a resignation letter as Board member for personal reasons which was accepted by the Board on February 29, 2020.

At the same date, the Board accepted the nomination by executive management to appoint Mrs. Karen Brink in the vacant position. Ms. Brink has been an investor during the past five years through NL Life Sciences Holding BV, one of our principal investors. Ms. Brink has been selected as a director because of her investment and financial experience and her familiarity with the Company. Mrs. Brink is currently managing a number of companies of the Family Foundation and is involved in and donor to a number of international charities.

On March 18, 2020 Mr. Anthony Bay rendered his resignation as member of the Board; Mr. Bay has helped the company through difficult times but the company has now strong leadership in place and a strong, large Board. Mr. Bay is involved in a number of other projects that needs his time and attention in these challenging times.

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