Tallinn, Estonia, 2024-10-17 10:40 CEST -- Nasdaq Tallinn decided on October 17, 2024 to apply an additional reason for applied observation status to Silvano Fashion Group shares (SFG1T, ISIN code: EE3100001751) based on the clause 3.5.4.7 of chapter Supervision of the rules and regulations (Supervision Rules). Based on the clause 3.8.2. of "Requirements for Issuers" chapter of the rules and regulations, the Issuer is obligated to immediately disclose information about all precepts issued by supervisory authorities concerning them. On October 7, the Estonian Financial Supervision and Resolution Authority issued a precept to AS Silvano Fashion Group, about which the Issuer has not disclosed a market announcement, despite the Exchange's demand. The observation statuses applied to the company on May 7, 2024 and March 1, 2022 are also still in force. The purpose of applying observation status is to alert the market participants. Nasdaq Baltic Issuer Services +372 640 8800 www.nasdaqbaltic.com Nasdaq Baltic is a common name for exchanges, regulated markets, alternative markets First North operated by Nasdaq companies in the Baltic states, i.e. Nasdaq Tallinn AS, Nasdaq Riga AS and AB Nasdaq Vilnius.
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