Through circular resolution on 31 March 2015
Prime Focus announced that the Board of Directors of the Company vide Circular Resolution dated 31 March 2015, has approved the following:1. Sale of its entire holding of 21,492,003 ordinary shares held in Prime Focus London Plc, a company incorporated in the U.K. and a subsidiary of the Company at a total consideration of 399,751.26/-. This is in line with the direction provided by the Board to the management as per the resolution dated 28 August 2014 to divest / monetize this non-core business.
2. The appointment of Hemalatha Thiagarajan as an Additional Director (i.e. Non-Executive, Independent Woman Director) on the Board of the Company with effect from 31 March 2015 to hold office up to the date of the next Annual General Meeting.
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