Registration of share capital reduction in the Commercial Register and disbursements

On 29 October 2018 the decrease of the share capital of  AS Silvano Fashion Group was registered in the Commercial Register based on the resolution adopted by the general meeting of shareholders held on 28 June 2018. 



Pursuant to the resolution of the general meeting of shareholders the share capital will be decreased by 7 200 000 euros from 10 800 000 euros to 3 600 000 euros. The share capital will be decreased by reducing the book value of the shares by 0.20 euro. The total number of the shares of the company will not change and the book value of shares shall be reduced proportionately to the reduction of the share capital. As a result of the decrease of the share capital, the share capital of AS Silvano Fashion Group will be 3 600 000 euros.  



The share capital reduction in the amount of 7 200 000 euros (0.20 euro per share) will be paid out to the shareholders on 30 January 2019. For the own shares owned by  AS Silvano Fashion Group no payments shall be made to the company.



The list of shareholders entitled to receive the payments from the reduction of the share capital was fixed on 17 July 2018 at the end of the working day of the settlement system.

Jarek Särgava

Board member

Silvano Fashion Group

Tel.