Board meeting
Paris,
May
24, 2004 -
Bull's Board of Directors met on 24th May and acknowledged Mr Didier Pineau-Valencienne and Mr Gilles Cosson step down as Directors.
The Board of Directors wishes to thank Didier Pineau-Valencienne and Gilles Cosson for their active contribution to the success of Bull's recapitalisation plan worked out by Pierre Bonelli and Gervais Pellissier.
The Board decided to appoint Mr Henri Conze and Mr André Félix as Directors.
The Board also confirmed Mr Gervais Pellissier in his functions as Acting Chairman of the Board and as Managing Director, with all powers to represent and act in the name of the Company. These measures will allow the Company to finalize the recapitalisation process.
Bull's Board of Directors will meet again after the General Shareholders Meeting of 25th May in order to launch both the implementation of the capital increase and the public exchange offer corresponding to the approval by the Shareholders Meeting of resolutions sixteen to twenty-two.
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