Suspension of Executive Directors

 

TIDMGBR 
 
RNS Number : 2262P 
Global Brands S.A. 
20 March 2009 
 

Embargo until 2.15pm 
20 March 2009 
Global Brands S.A. 
Suspension of Executive Directors 
Following a duly convened meeting of the board of directors, the decision has 
been taken to suspend from all operational duties, Mr Yair Hasson, Executive 
Chairman, and Mr Amir Hasson, the Chief Executive Officer pending an 
investigation into their day to day management of the Company. 
The Executive Vice Chairman, Mr Roberto Avondo and the Non-Executive directors, 
Mr Simon Bentley and Mr Bruce Vandenberg have taken this action in what they 
believe to be in the best interest of the Company, its employees and the 
shareholders. 
The investigation will be concluded as soon as is practicable. Pending the 
outcome of the investigation the Directors have requested that dealing in the 
ordinary shares of the Company be suspended with immediate effect. 
The Executive Vice Chairman and Non-Executive directors will during this period, 
be responsible for the continuing day to day operations of the Company. 
A further announcement will be made in due course following the outcome of the 
investigation. 
 
 
Contact: 
For further information: 
Global Brands S.A. 
Simon Bentley, Non-Executive Director       Tel: [phone] 
 
 
  (M): 07774 151 111 
Bruce Vandenberg, Non-Executive Director   Tel: [phone] 
   (M): +44 
(0) 78997 91726 
www.globalbrands.ch 
 
 
Zimmerman Adams International Ltd 
Graeme Thom   Tel: [phone] 
Charity WalmsleyTel: (0) 20 7060 1760 
www.zimmint.com 
 
 
Alexander David Securities Ltd 
David Scott   Tel: [phone] 
www.ad-securities.com 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCURVORKWROUAR