Let’s Gowex S.A. (LGWXY: OTCQX International Premier) | Adoption of measures by the Board of Directors

OTC

Adoption of measures by the Board of Directors

Jul 05, 2014

OTC Disclosure News Service

Madrid, Spain

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Madrid,
July 6th 2014

 

RELEVANT FACT: LET?S GOWEX, S.A.

 

The Board of Directors of the Company announces that on July 5 2014, at
16?00, at the Company’s offices, Mr. Jenaro Garc?a Martin, Chief Executive
Officer and President of the Board, has declared in the presence of different
Board Members that the financial accounts of the Company for the last four
years, at least, do not show a full and fair view of the Company?s situation, taking
responsibility for this falsity.

 

The Board, as stated in the minutes of the meeting, signed by the Board
Members attending the session (Mrs. Solsona Piera, Mart?nez Marug?n and Garc?a
(attending the meeting both on his own behalf and representing the Board Member
Ms. Mat?),has revoked all powers and delegations granted to the Chief Executive
Officer and has accepted his resignation.

 

The Board, anticipating that the Company might not be in a position to face
its ongoing debts when they become due, has agreed to file for a declaration of
voluntary insolvency, without prejudice of other measure that it may adopt for
the best protection of the Company?s interests, regarding which it will
immediately inform the market as soon as it might  adopt them.

 

The Board resolutions shall be notarized by exhibition of the minutes,
as it has not been possible to certify their contents, since the Board has
accepted the resignation of Mr. Garcia Martin and  has not appointed a new President.

 

We
remain at your disposal for any clarification deemed appropriate.

 

 

 

Mr. Javier Solsona
Piera.

 

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This release includes additional documents. Select the link(s) below to view.

20140706 Adoption of measures by the Board of Directors.pdf

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