Brookstone Partners announces the dismissal of Mr. Omar Belmamoun from his position as Chairman and CEO of Brookstone Partners Morocco

Brookstone Partners announces the dismissal of Mr. Omar Belmamoun from his position as Chairman and Chief Executive Officer of its Moroccan affiliate, Brookstone Partners Morocco. Brookstone Partners announces the dismissal of Mr. Omar Belmamoun from his position as Chairman and Chief Executive Officer of its Moroccan affiliate, Brookstone Partners Morocco.

The dismissal was decided during the company's ordinary general meeting held on May 20, 2019 in Casablanca and motivated by the mismanagement that marred Mr. Omar Belmamoun's mandate.

The general meeting was attended by Mr. Omar Belmamoun and Mr. Michael Toporek, representatives of the shareholders, assisted by three bailiffs, a sworn translator and two legal counsels.

The minutes of the said general meeting, accompanied by two sworn testimonies drawn up by the bailiffs, were registered with the clerk's office of the Commercial Tribunal of Casablanca, recording the removal of Mr. Omar Belmamoun in an effective manner¹.

Pursuant to this decision, Mr. Omar Belmamoun is no longer a member of the Board and the Chairman and Chief Executive Officer of Brookstone Partners Morocco.

Brookstone Partners reiterates its commitment to work diligently to manage the interests of its Moroccan affiliates. The company remains at the disposal of all Moroccan and international media which would be interested in discussing further its activity in Morocco.

Brookstone Partners also hereby confirms its full confidence in the professionalism of its legal counsels.