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

4381

Submission date and time

28.03.2014 16:04:24

Content of announcement in Estonian

Title

Aktsiate tagasiostu tehingud

Message

Tallinn, 2014-03-28 15:04 CET (GLOBE NEWSWIRE) --


Perioodil 24.03.2014-28.03.2014 on toimunud järgmised aktsiate tagasiostu
tehingud: 

Tallinna Väärtpaberibörs:

      Kuupäev        Tagasiostetud aktsiate   Keskmine hind aktsia    Maksumus  
                              kogus                  kohta             kokku    
                                                      EUR                EUR    
     24.03.14                11 300                 2.0617           23 297.21  
     25.03.14                21 300                 2.1504           45 803.52  
     26.03.14                 5 465                 2.1949           11 995.13  
     27.03.14                 7 817                 2.1727           16 984.00  
     28.03.14                13 561                   2.15           29 156.15  
   Kokku perioodi            59 443                 2.1405           127 236.00 
     jooksul:                                                                   



  Kokku kumulatiivselt tagasiostuprogrammi raames alates 01.07.2013:

 Tagasiostetud aktsiate      Keskmine hind aktsia kohta       Maksumus kokku    
         kogus                       (eurodes)                   (eurodes)      
         392 894                       2.1774                   855 476.57      

Peale nimetatud ostutehinguid moodustab AS Silvano Fashion Group aktsionäride
korralise koosoleku poolt 28.06.2013 kinnitatud tagasiostuprogrammi raames
tagasi ostetud aktsiate koguarv 392 894 aktsiat. Aktsiate omandamisele kulutati
855 476,57 eurot, mis moodustab 2,1774 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, 2014-03-28 15:04 CET (GLOBE NEWSWIRE) --


During the period from 24.03.2014 until 28.03.2014 the following buyback
transactions have been made: 

Tallinn Stock Exchange:

     Date      Amount of shares bought back  Average share price  Cost in total
                                                     EUR               EUR     
   24.03.14               11 300                    2.0617          23 297.21  
   25.03.14               21 300                    2.1504          45 803.52  
   26.03.14               5 465                     2.1949          11 995.13  
   27.03.14               7 817                     2.1727          16 984.00  
   28.03.14               13 561                    2.15            29 156.15  
Total amount:             59 443                    2.1405         127 236.00  

 Accumulated total under the share buyback program since 01.07.2013:

Amount of shares bought back  Average price per share (EUR)  Cost in total (EUR)
           392 894                       2.1774                   855 476.57    

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 392 894 shares in total for the total amount of 855 476.57
Euros, resulting an average acquisition cost of 2.1774 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]