Skano Group
The Decisions of Extraordinary General Meeting

Skano Group 

13.08.2013 13:54
---------------------------------------------------------------------------

Pärnu, 2013-08-13 13:54 CEST (GLOBE NEWSWIRE) -- The Extraordinary General
Meeting of shareholders of Skano Group AS (registry code 11421437, address 48
Suur-Jõe, Pärnu 80042) was held in Skano Group AS head office at 48 Suur-Jõe,
Pärnu, Estonia, on 13 August 2013. 

The general meeting started at 11.00 and ended at 11.30. The shares of the
shareholders who attended the general meeting represented 2 746 192 votes,
constituting 61.0 % of the share capital. Therefore, the general meeting was
competent to pass resolutions regarding the items on the agenda. 

Resolutions of the extraordinary general meeting:

1. Transfer of the non-monetary contribution to the subsidiaries Skano
Furniture Factory OÜ and Skano Fibreboard OÜ 

Approve the passage of resolution made by the sole shareholder of Skano
Fibreboard OÜ (Skano Group AS) under which the sole shareholder decided to
increase the share capital of Skano Fibreboard OÜ by EUR 20,000. In addition,
approve the increase of the share capital of Skano Fibreboard OÜ by a
non-monetary contribution. The object of the non-monetary contribution is the
set of assets of the fibreboard production unit. The non-monetary contribution
shall be finalised 01.09.2013 by the latest. 

Approve the passage of resolution made by the sole shareholder of Skano
Furniture Factory OÜ (Skano Group AS) under which the sole shareholder decided
to increase the share capital of Skano Furniture Factory OÜ by EUR 20,000. In
addition, approve the increase of the share capital of Skano Furniture Factory
OÜ by a non-monetary contribution. The object of the non-monetary contribution
is the set of assets of the furniture production unit. The non-monetary
contribution shall be finalised 01.09.2013 by the latest. 


         Martin Kalle
         CFO
         +372 447 8331
         martin.kalle@skano.com
         www.skano.com
News Source: NASDAQ OMX



13.08.2013 Dissemination of a Corporate News, transmitted by DGAP - 
a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Skano Group
              
               
              Estonia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         EE3100092503
WKN:          
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------