(Alliance News) - TPS Group Spa announced Monday that Nicola Miglietta has resigned as a standing auditor of the company.

Miglietta is leaving because he has reached the maximum limit of positions that members of large banks can hold at other companies. He will be replaced by alternate Stefania Barsalini.

TPS stock rises 0.9 percent to EUR5.55 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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