With effect from the December 14, 2012, Mr. Nicholas Maris relinquished his directorship and his position as Chief Executive Officer of the Grand Harbour Marina p.l.c. The operations of the company shall continue to be vested in the company's general manager and its finance team and the marina management shall continue to vest in Camper & Nicholsons Marinas Limited. Until such time as the post of chief executive officer of the company is filled, the Chairman of the company, Mr. Lawrence Zammit, will perform an oversight role with the aim of enabling the board to effectively monitor the financial and operational performance of the company.