Market announcement

Nordic Fibreboard AS

LEI code

54930002HOIXBD15OM06

Size of the entity

Small group

Economic activities

Financial and Insurance Activities

Country of registered office

Estonia

General information

Categories

Other price sensitive information

Unique data record identifier

4122

Submission date and time

11.07.2013 16:16:46

Content of announcement in Estonian

Title

Tütarühingute asutamine

Message

Pärnu, 2013-07-11 15:16 CEST (GLOBE NEWSWIRE) --
Skano Group AS asutas tütarühingud Skano Fibreboard OÜ ja Skano Furniture
Factory OÜ 

Nõukogu 10.juuli koosolekul vastuvõetud ümberstruktureerimise kavast tulenevalt
asutas Skano Group AS kaks Skano Group AS ainuomandis olevat tütarühingut Skano
Fibreboard OÜ ja Skano Furniture Factory OÜ. Tütarühingute juhatuse liikmeteks
on mõlemal ühingul Andres Kivistik, Gert Kuus ja Martin Kalle, mis kattub Skano
Group AS tänase juhatuse koosseisuga. 

Ümberstruktureerimise kava kohaselt planeerib Skano Group AS kiudplaadi- ja
mööblitootmise üle viia vastloodud tütarühingutesse. Tegevuste üleviimise osas
tütarühingutesse kutsub Skano Group AS vastavalt nõukogu koosoleku otsustele
kokku erakorralise aktsionäride üldkoosoleku 13.augustil 2013. teavitades
peatselt sellest aktsionäre. 

Ülaltoodud tehingud ei oma otsest mõju Skano Group AS kontserni
majandustegevusele. Skano Group AS juhatuse ja nõukogu liikmed ei ole tehingust
muul viisil isiklikult huvitatud. 


         Martin Kalle
         finantsdirektor
         +372 4478 331
         [email protected]
         www.skano.com

Content of announcement in English

Title

Formation of subsidiaries

Message

Pärnu, 2013-07-11 15:16 CEST (GLOBE NEWSWIRE) --
Skano Group AS established two subsidiaries – Skano Fibreboard OÜ and Skano
Furniture Factory OÜ 

In accordance with the restructuring plan adopted by the supervisory board on
10 July, Skano Group AS established two subsidiaries – Skano Fibreboard OÜ and
Skano Furniture Factory OÜ. Skano Group AS is the sole shareholder of both
subsidiaries. The management board members of both subsidiaries are Andres
Kivistik, Gert Kuus and Martin Kalle – the same persons form the current
management board of Skano Group AS. 

Pursuant to the restructuring plan, Skano Group AS intends to transfer the
production of fibreboard and furniture to the newly established subsidiaries.
In order to carry out the transfer of the businesses, Skano Group AS will,
pursuant to the resolution of the supervisory board, convene a special general
meeting of the shareholders on 13 August 2013. Skano Group AS will shortly
inform the shareholders about the summoning of the meeting. 

The above-mentioned transactions do not directly impact the economic activities
of the group of companies of Skano Group AS. The members of management and
supervisory board of Skano Group AS are not personally interested in the
transaction in any other manner. 




         Martin Kalle
         CFO
         +372 4478 331
         [email protected]
         www.skano.com