Estonia, EU – Baltic States, Financial Services, Markets and Companies, Textile

The annual general meeting of shareholders will start at 9 a.m. on June 30. 

The proposal of the management board and the supervisory board to shareholders is to endorse the annual report, according to which the company finished the year 2019 with a net profit of 10.7 million euros, and to not distribute profit, Silvano informed the stock exchange.

In addition, Mart Mutso is to be recalled from the supervisory board and Mari Tool elected in his place. The rest of the members of the supervisory board -- Toomas Tool, Risto Magi, Triin Nellis and Stephan David Balkin -- will continue as members of the supervisory board.

In 2019, Silvano paid a dividend of 20 cents per share.