Adoption of Resolutions of the General Meeting of as Silvano Fashion Group Without Notice of the Meeting
The Management Board of AS Silvano Fashion Group, registry code 10175491,
address Tulika 17, 10613, Tallinn, proposes to the shareholders to
adopt resolutions of the shareholders without convening a meeting pursuant to §
299(1) of the Commercial Code.
All questions from shareholders regarding the proposed resolutions may be sent
in advance to the e-mail address [email protected]
(mailto:[email protected]) until 18 June 2025 and the answers to all
relevant questions will be published on the website of AS Silvano Fashion
Group, www.silvanofashion.com (http://www.silvanofashion.com)
The list of shareholders entitled to vote on the resolutions of the shareholders
will be fixed on June 26, 2025, at the end of the business day of the NASDAQ
CSD settlement system.
Resolutions of the shareholders can be voted on from June 11 to July 02, 2025
(inclusive). If a shareholder does not cast his or her votes, he or she shall be
deemed to have voted against the resolutions.
A shareholder has two options to cast his vote:
1. By sending a digitally signed or paper-signed and scanned ballot paper filled
in by the voting shareholder or his / her authorized representative to the e-
mail address [email protected] (mailto:[email protected]) during the
voting period.
2. By submitting or sending a completed ballot paper, which has been signed
manually by the voting shareholder or his or her authorized representative, to
the head office of AS Silvano Fashion Group at Tulika 17, 10613 Tallinn from
9:00-12:00AM on working days, so that it arrives no later than July
02, 2025 12:00AM.
When sending paper-signed and scanned ballot papers by e-mail or when sending
paper-signed ballot papers by post, a copy of the personal data page of the
shareholder's or his / her representative's identity document (eg passport or ID
card) must be sent together with the ballot paper. The shareholder's
representative must also submit a valid power of attorney for written
reproduction in Estonian or English. A shareholder may use a power of attorney
form, which is available on the website of AS Silvano Fashion Group
www.silvanofashion.com (http://www.silvanofashion.com)
If the shareholder is a legal entity registered abroad, please send a copy of
the extract from the relevant foreign commercial register showing the right of
the representative to represent the shareholder (legal right of representation).
The statement must be in English or translated into Estonian by a sworn
translator or an official translator equivalent to a sworn translator.
The proposals for decisions of the Management Board, which have been approved by
the Supervisory Board, are as follows:
1. Approval of the annual report of AS Silvano Fashion Group for 2024
1.1. To approve the annual report of AS Silvano Fashion Group for 2024.
2. Distribution of the profit of AS Silvano Fashion Group in 2024
2.1. To approve AS Silvano Fashion Group the net profit for the financial year
2024 of 12 366 000.- euros.
2.2. Not to separate AS Silvano Fashion Group funds from the net profit of the
financial year 2024 to the reserve capital of AS Silvano Fashion Group or other
reserves prescribed by law or the articles of association.
2.3. Leave the net profit undistributed and include the net profit of the
financial year 2024 in the retained earnings.
3. Extension of the Supervisory Board's authorizations
3. To extend the term of office as members of the Supervisory Board for five (5)
years until June 30, 2030 for Toomas Tool, Mari Tool, Triin Nellis, Risto Mägi,
Stephan David Balkin.
The annual report of AS Silvano Fashion Group for 2024, the report of the
independent auditor, and the ballot papers are available to the shareholders on
the website of AS Silvano Fashion Group www.silvanofashion.com
(http://www.silvanofashion.com) and the website of the Estonian branch of NASDAQ
CSD SE www.nasdaqbaltic.com (http://www.nasdaqbaltic.com) as of the date of
publication of this announcement. Questions about the items on the agenda can be
sent by e-mail to [email protected] (mailto:[email protected]) or by
post to the company's address.
The resolutions adopted by the shareholders will be published as a stock
exchange announcement and on the website of AS Silvano Fashion Group no later
than 3 July 2025 by § 299(1) (6) of the Commercial Code.
AS Silvano Fashion Group
Email: [email protected] (mailto:[email protected])
Tel: +372 684 5000; Fax: +372 684 5300
Address: Tulika 17, 10613 Tallinn
www.silvanofashion.com