Market announcement
AS Silvano Fashion Group
LEI code
529900JNG41RRJKJYB65
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
2947
Submission date and time
09.11.2010 14:17:45
Content of announcement in Estonian
Title
AKTSIASELTS SILVANO FASHION GROUP AKTSIONÄRIDE ERAKORRALISE ÜLDKOOSOLEKU OTSUSED
Message
09. novembril 2010. a algusega kell 12:00 toimus Park Inn Central Tallinn hotelli konverentsisaalis „Studio 3“, aadressil Narva mnt 7C, Tallinn, Aktsiaseltsi Silvano Fashion Group aktsionäride erakorraline üldkoosolek. Aktsiaseltsi Silvano Fashion Group 39 607 000 häältest oli koosolekul esindatud 19 825 356 häält, s.o 50,06% koguhäältest. Üldkoosoleku otsus oli järgmine: 1. Kinnitada Aktsiaseltsi Silvano Fashion Group poolt oma aktsiate omandamise õigus järgmistel tingimustel: - Aktsiaseltsil Silvano Fashion Group on õigus omandada oma aktsiaid alates aktsionäride koosoleku otsusest kuni 30. juunini 2011. a; - Maksimaalne tagasiostetavate aktsiate hulk ei ületa 3 960 700 aktsiat, mis vastab 10% Aktsiaseltsi Silvano Fashion Group aktsiakapitalile; - Aktsiaseltsi Silvano Fashion Group poolt ühe aktsia eest tasutav maksimumhind on 4.00 EUR (neli eurot); - Maksimumsumma, mida Aktsiaselts Silvano Fashion Group investeerib oma aktsiate omandamise käigus, on 15 842 800 (viisteist miljonit kaheksasada nelikümmend kaks tuhat kaheksasada) eurot; - Oma aktsiate eest tasutakse varast, mis ületab aktsiakapitali, reservkapitali ja ülekurssi; - Aktsiaseltsi Silvano Fashion Group juhatusel on õigus määrata oma aktsiate omandamise korraldajaks kas investeerimisettevõte või krediidiasutus kahe nädala jooksul arvates otsuse heakskiitmisest üldkoosoleku poolt. Märt Meerits Juhatuse esimees Aktsiaseltsi Silvano Fashion Group Tel +372 680 1396 E-post [email protected]
Content of announcement in English
Title
DECISIONS OF THE EXTRAORDINARY SHAREHOLDERS MEETING OF SILVANO FASHION GROUP
Message
An Extraordinary Meeting of Shareholders of Aktsiaselts Silvano Fashion Group convened on Tuesday, 9th of November 2010 at 12 p.m in the hotel „Park Inn Central Tallinn“, conference room „Studio 3“, address Narva mnt 7C, Tallinn. From the total 39 607 000 voting shares, 19 825 356 votes were represented, which constitutes 50,06 % of the total voting rights. The decisions of the Extraordinary Shareholders meeting were as follows: 1. To approve the share repurchase program of Silvano Fashion Group under the following conditions: - SFG is entitled to buy back its own shares from the approval of the buyback of own shares by the Extraordinary General Meeting until 30 June 2011; - The total nominal value of own shares to be bought back by SFG may not exceed 3 960 700 shares, i.e 10% of total share capital of SFG; - The maximum price payable by SFG for one share will be 4.00 EUR; - The maximum amount payable by SFG for its own shares is 15,842,800 EUR; - Own shares will be paid for with assets exceeding the share capital, compulsory reserves and share premium. - The Management Board of SFG shall have the right to appoint an investment firm or a credit institution as the lead manager of the buyback program of SFG no later than 2 weeks (two weeks) from the approval of the buy-back program by the Extraordinary General Meeting. Märt Meerits Chairman of the Management Board AS Silvano Fashion Group Tel +372 680 1396 E-mail [email protected]