On July 8, 2025, the Listing and Surveillance Committee of Nasdaq Tallinn decided to impose a fine in the amount of 3000 euros to AS Silvano Fashion Group for violation of Nasdaq Tallinn rules and regulations chapter Requirements for Issuers (hereinafter RI) clauses 1.2.1, 2.4.1 and 5.3.1.
According to RI clause 1.2.1. the Issuer is obliged to secure disclosure of information stated in RI in such a form and within such time limits as specified in RI.
According to RI clause 5.3.1. the Issuer is required to make public the audited annual report immediately after its approval by the supervisory board but not later than four (4) months after the end of the accounting period.
Circumstances:
The deadline for submitting audited annual report of the year 2024 for regulated market issuers was April 30, 2025. AS Silvano Fashion Group published its audited annual report on June 11, 2025.
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