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0FZD Silvano Fashion Group As

2.83
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Silvano Fashion Group As LSE:0FZD London Ordinary Share EE3100001751 SILVANO FASHION GROUP ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.83 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Women's Clothing Stores 58.6M 9.93M 0.2758 10.26 101.88M

About the partial performance of the statutory audit of Aktsiaselts Silvano Fashion Group

03/09/2024 3:35pm

UK Regulatory


Silvano Fashion Group As (LSE:0FZD)
Historical Stock Chart


From Jun 2024 to Dec 2024

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About the partial performance of the statutory audit of Aktsiaselts Silvano Fashion Group

Aktsiaselts Silvano Fashion Group (hereinafter the Issuer) will perform the statutory audit of the annual report for the financial year ending on 31.12.2024 as required under the law and the rules of the Nasdaq Tallinn Stock Exchange partially - the annual reports of the Issuer’s subsidiaries will be audited separately pursuant to the laws of the jurisdiction of their residence but the consolidated annual report of the Issuer’s group proves to be impossible to audit.

Of the 11 subsidiaries in the Issuer’s group, 7 are located and operating in Russia or Belarus, whereas the Issuer’s primary production and economic activity is conducted through these companies. Due to the full-scale military invasion of Ukraine by Russia, Estonian audit companies have terminated cooperation with Russian and Belarussian audit companies and ceased their own activity in these territories. At this time, it is also restricted by sanctions imposed on Russia and Belarus. This means that the annual reports of the Issuer’s subsidiaries located in Russia and Belarus can be audited only separately and by local service provides in accordance with the local legislation.

A formal audit of the consolidated annual report of the Issuer’s consolidation group, i.e. an audit without a substantive check of the financial data of the Russian and Belarussian subsidiaries, does not provide additional reliability of the financial data in the report.

A formal audit of the consolidated annual report of the Issuer’s consolidation group is also disproportionately burdensome because as to date, the Issuer’s management board has received a price quote from only one audit company whose bid is several times higher than the market price.

The consolidated annual report of the Issuer’s consolidation group will not be audited until the objective reasons referred to herein cease to exist. The Issuer will analyse alternative possibilities to provide additional assurances to the shareholders of the Issuer as a listed company.


1 Year Silvano Fashion Group As Chart

1 Year Silvano Fashion Group As Chart

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1 Month Silvano Fashion Group As Chart

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