Börsiteade

Pealkiri

Notice of convening the Extraordinary General Meeting of shareholders, Agenda and Proposals

Teade

The Management Board of AS Silvano Fashion Group, registry code 10175491,
registered address Tulika 15/17, 10613 Tallinn, (hereinafter “SFG”) convenes an
Extraordinary General Meeting  (hereinafter: “EGM”) of shareholders on 14th of
December 2014 at 12:00  (Estonian time) in Radisson Blu Hotel Olümpia
conference hall “Sigma”, address Liivalaia 33, 10118 Tallinn, Estonia. 

The registration of participants of the Extraordinary General Meeting starts at
11:30 a.m. (Estonian time). 

I        Agenda

The agenda of the EGM is the following:

1.     The amendment of the profit distribution decision approved by the Annual
General Meeting held on 29th of June 2016 and additional distribution of profit
of AS Silvano Fashion Group 

II       Proposals of the Management Board and the Supervisory Board

The Supervisory Board of SFG has approved the agenda of the EGM as proposed by
the Management Board. The Management Board and the Supervisory Board make the
following proposals to the shareholders with regard to the agenda: 

1.     The amendment of the profit distribution decision approved by the Annual
General Meeting held on 29th of June 2016 and additional distribution of profit
of AS Silvano Fashion Group 

Proposal of the Management Board and the Supervisory Board:

1.1. To distribute the profit by paying dividends to the shareholders from the
profit of the company based on the approved annual report of 2015 as follows: 
1.1.1.     The list of shareholders of AS Silvano Fashion Group entitled to
profit distribution shall be fixed on 29st of December 2016 at 11:59 p.m; 
1.1.2.     EUR 0.10 per share shall be payable to the entitled shareholders as
a dividend at the latest on 30th of December 2016. 

III     Organizational questions

The list of the shareholders entitled to participate in the EGM shall be fixed
7 days prior to the date of the meeting, i.e. on  7th December 2016 at 11:59
p.m. (Estonian time). 

At the EGM, a shareholder is entitled to receive information from the
Management Board about the activities of SFG. The Management Board may decide
to withhold information if there is a reason to believe that the disclosure of
information may cause significant damage to the interests of SFG. If the
Management Board refuses to disclose information, the shareholder may demand
from the EGM to adopt a resolution regarding to the lawfulness of the
information request or file a petition to a court of law within two weeks of
the EGM requesting the court for the ruling requiring the Management Board to
disclose the information. 

The shareholders whose shares represent at least 1/20 of the share capital may
request for additional items to be included in the agenda of the EGM, if the
respective request is submitted in writing at least 15 days prior to the EGM. 

The shareholders whose shares represent at least 1/20 of the share capital may
present their draft resolutions to each item in the agenda in writing no later
than 3 days before the EGM. 

Draft resolution regarding to the agenda items and other documents presented to
the EGM (including annual report, report of the sworn auditor, profit
distribution proposal and report of the Supervisory Board) are available for
examination on every working day as of the notification of the EGM until the
business day preceding the day of the EGM at the headquarters of the Company at
Tulika 15/17, Tallinn on business days from 9 a.m. until 5 p.m. (Estonian
time). 

On the day of the EGM the materials related to the agenda of the General
Meeting are available for examination at the venue of the EGM as of the opening
of registration of participants until the end of the EGM. In order to examine
the documents: (1) the shareholders who are natural persons are required to
present a document verifying their identity and their representatives are
additionally required to present the power of attorney in written form; (2) the
representatives of the shareholders who are legal entities shall present (a) an
extract from the registry where the legal entity is registered; and (b) a
document verifying the identity of representative; and (c) in case of
representation on the basis of proxy, also a power of attorney. 

Documents and data which are disclosed according to Article 2941 of the
Estonian Commercial Code and the templates of power of attorney are available
on the homepage of the Company: http://www.silvanofashion.com. 

The following documents must be submitted to participate in EGM?- the
shareholders who are natural persons shall present a document verifying their
identity and their representatives shall present the power of attorney in
written form;?-   the representatives of the shareholders who are legal
entities shall present (a) an extract from the registry where the legal entity
is registered; and (b) a document verifying the identity of representative; (c)
in case of representation on the basis of proxy, also a power of attorney. 

Unless otherwise provided by a foreign agreement, a document issued by a
foreign authority shall be duly apostilled or legalized. Documents in foreign
language should be accompanied by the translation into Estonian, verified by
relevant institution. 

Prior to the EGM the shareholder may notify the Company of the appointment of a
representative or the revocation of the representative's authority by sending a
digitally signed e-mail message to [email protected] or by delivering the
information in person on workdays between 9 a.m. to 5 p.m. (Estonian time) or
via mail to AS Silvano Fashion Group, Tulika 15/17, 10613 Tallinn, Estonia by 5
p.m. (Estonian time) on the business day preceding the day of the EGM. 

For any information regarding the EGM or the agenda items, please contact Märt
Meerits (e-mail [email protected]; phone +372 684 5000). 



Jarek Särgava
Board Member
Silvano Fashion Group
E-mail: [email protected]
Tel: +372 684 5000; Fax: +372 684 5300
Address: Tulika 15/17, 10613 Tallinn, Estonia
http://www.silvanofashion.com