Market announcement

AS Silvano Fashion Group

LEI code

529900JNG41RRJKJYB65

Size of the entity

Large group

Economic activities

Financial and Insurance Activities

Country of registered office

Estonia

General information

Categories

Change of significant proportional thresholds for issuers own shares

Unique data record identifier

4327

Submission date and time

21.02.2014 19:41:05

Content of announcement in Estonian

Title

Aktsiate tagasiostu tehingud

Message

Tallinn, 2014-02-21 18:41 CET (GLOBE NEWSWIRE) --


Perioodil 17.02.2014-21.02.2014 on toimunud järgmised aktsiate tagasiostu
tehingud: 

Tallinna Väärtpaberibörs:

      Kuupäev        Tagasiostetud aktsiate   Keskmine hind aktsia    Maksumus  
                              kogus                  kohta             kokku    
                                                      EUR                EUR    
     18.02.14                 4 800                 2.4783           11 895.84  
     19.02.14                 4 800                 2.4506           11 762.88  
     20.02.14                 5 500                 2.4591           13 525.05  
     21.02.14                 7 700                 2.4265           18 684.05  
   Kokku perioodi            22 800                 2.4503           55 867.82  
     jooksul:                                                                   



Peale nimetatud ostutehinguid moodustab AS Silvano Fashion Group aktsionäride
korralise koosoleku poolt 28.06.2013 kinnitatud tagasiostuprogrammi raames
tagasi ostetud aktsiate koguarv 134 446 aktsiat. Aktsiate omandamisele kulutati
334 452,61 eurot, mis moodustab 2,4876 eurot ühe omandatud aktsia kohta. 

Tagasiostuprogrammi teostatakse vastavalt Euroopa Komisjoni määrusele nr.
2273/2003, 22.12.2003, millega rakendatakse Euroopa Parlamendi ja Nõukogu
direktiivi 2003/6/EÜ seoses tagasiostuprogrammidele ja finantsinstrumentide
stabiliseerimisele ettenähtud eranditega. Aktsiate tagasiostu täideviijaks ja
korraldajaks on AS SEB Pank, kes teostab aktsiate tagasiostu AS-i Silvano
Fashion Group nimel. Programmi täideviimisel on AS SEB Pank kauplemisotsuste
tegemisel iseseisev, järgides kehtivaid tingimusi ning piiranguid, ilma et AS
Silvano Fashion Group saaks mõjutada aktsiate ostutehingute aega. 

Aleksei Kadõrko
Finantsdirektor
Silvano Fashion Group
Tel +372 6845 000
E-post: [email protected]

Content of announcement in English

Title

Share buyback transactions

Message

Tallinn, 2014-02-21 18:41 CET (GLOBE NEWSWIRE) --


During the period from 17.02.2014 until 21.02.2014 the following buyback
transactions have been made: 

Tallinn Stock Exchange:

       Date          Amount of shares bought   Average price per       Cost in  
                              back                   share             total    
                                                       EUR               EUR    
     18.02.14                4 800                   2.4783          11 895.84  
     19.02.14                4 800                   2.4506          11 762.88  
     20.02.14                5 500                   2.4591          13 525.05  
     21.02.14                7 700                   2.4265          18 684.05  
   Total for the             22 800                  2.4503          55 867.82  
     period:                                                                    



After the transactions listed above, within the framework of the share buy-back
program, approved by the shareholders meeting on 28.06.2013, AS Silvano Fashion
Group has acquired 134 446 shares in total for the total amount of 334 452.61
Euros, resulting an average acquisition cost of 2.4876 Euros per share. 

The share buyback program is being implemented in accordance with the
Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive
2003/6/EC of the European Parliament and of the Council as regards exemptions
for buy-back programmes and stabilisation of financial instruments. The
programme is managed by SEB Pank AS, which will buy back shares on behalf of AS
Silvano Fashion Group. SEB Pank carries out the buyback according to the
regulations and within the framework of the programme, and will make its
trading decisions independently of, and without influence by AS Silvano Fashion
Group with regard to the timing of the purchases. 


Aleksei Kadõrko
Chief Financial Officer
Silvano Fashion Group
Tel +372 6845 000
E-mail: [email protected]