Announcement View
Company AS Silvano Fashion Group
Type Company Release
Category Results of General Meeting
Publicize date 30 Jun 2022 11:00:00 +0300
Languages
Kell English
Currency
Title AS Silvano Fashion Group decisions of Annual General Meeting of Shareholders
Content
On  the  8th of  June  2022, the  AS  Silvano  Fashion  Group  proposed  to  the
shareholders  to  adopt  the  resolutions  of  the  annual  general  meeting  of
shareholders stated below without convening the meeting.

The notice of the general meeting was published on June  8, 2022, in the
information system NASDAQ OMX Tallinn
https://nasdaqbaltic.com/statistics/en/instrument/EE3100001751/news?date=2022-
06-29
and Warsaw Stock Exchange, on the website of SFG
https://www.silvanofashion.com/investors/company-announcements/  and in the
daily newspaper Eesti Päevaleht.

The resolutions of the general meeting of shareholders were voted by 18
shareholders, whose shares represented 21 640 163 votes or 60,11% of the total
share capital. Therefore, the Meeting was eligible to pass resolutions regarding
the items on the agenda of the Meeting.

The following resolutions were passed at the Meeting:

Item 1: Approval of the annual report of AS Silvano Fashion Group for 2021

The Meeting decided:
To approve the annual report of AS Silvano Fashion Group for 2021.

Tabulation of the votes:
For:                 21 639 881votes, representing 60,11% of the votes of the
AGM;
Against:          14 359 837 votes, representing 39,89% of the votes of the AGM;
Impartial:       282 votes, representing 0,00% of the votes of the AGM.

Item 2: Distribution of the profit of AS Silvano Fashion Group in 2021

The Meeting decided:
2.1. To approve AS Silvano Fashion Group the net profit for the financial year
2021 of  9,031,000 euros.

2.2. Not  to separate AS Silvano Fashion Group  funds from the net profit of the
financial  year 2021 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 2021 in the retained earnings.

Tabulation of the votes:
For:                 21 603 463 votes, representing 60,01% of the votes of the
AGM;

Against:          14 396 537 votes, representing 39,99% of the votes of the AGM.

Item 3: Approval of the principles of remuneration of a member of the management
board of AS Silvano Fashion Group

The Meeting decided:

To  approve the "Principles of Remuneration of  a Member of the Management Board
of AS Silvano Fashion Group".

Tabulation of the votes:
For:                 21 610 781 votes, representing 60,03% of the votes of the
AGM;

Against:          14 389 219 votes, representing 39,97% of the votes of the AGM.

The protocol of the general meeting will be published on the website of AS
Silvano Fashion Group https://www.silvanofashion.com/investors/company-
announcements/.





Silvano Fashion Group
E-mail: info@silvano fashion.com
Tel: +372 684 5000