After this afternoon's special meeting, the RCD Espanyol de Barcelona S.A.D. Board of Directors, wish to inform everyone as follows:
1. It is favourably viewed as we said at the time, the confirmation of the acquisition of the lion's share of our S.A.D. capital by Messrs Rastar Group and their President Mr Chen Yansheng officially confirmed and made public today Wednesday 20th Jan., 2016
2. We have decided to provide the transfer of powers to the new capital majority at top executive level in the Club. In this sense, we hereby inform that by means of cooptation, members of this Board of Directors resign in their duties and will be replaced by newly designed members.
3. From President Collet part, together with fellow members, vicepresidents and members of this Board of Directors now resigning it has been a privilege and have been honoured by having represented to the best of their abilities the white and blue feeling as well as standing up for the interests of our well over centenary institution.
4. We are giving our institutional representation up, proud of the job carried out, with gratitude to Club season ticket holders and share holders, and it goes without saying, wishing the best of success to the new Management that from now on will govern the RCD Espanyol destiny.
Released on Wednesday 20th Jan.2016
Espanyol of Barcelona Board of Directors.