Brief: Option sells Innolumis; announces management changes
22/11/2016 09:02
Nov 22 (Reuters) - Option NV OPIN.BR :
* Announces sale of Innolumis Public Lighting BV and Public Lighting BV
* Sale of Innolumis strengthens co's cash position and enables focus on core competencies
* Transaction provides opportunity to continue to operate in going concern mode moving into
2017
* As part of agreement Option will continue to bring its engineering expertise to Innolumis
on a contractual basis
* Jan Callewaert has asked Board of Directors to be relieved of his function of Executive
Chairman of Board to become full-time CEO
* Board has appointed Jan Callewaert as CEO
* Board has appointed Francis Vanderhoydonck - current member of Board - as interim Chairman
of Board
Source text for Eikon: ID:nNDL2yP5Th
Further company coverage: OPIN.BR
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