Tallinn, 2013-02-15 16:29 CET (GLOBE NEWSWIRE) --
On February 15, 2013 Pioneer Pekao Investment Management SA (PPIM) acting on behalf of its managed funds, notified the management board of Silvano Fashion Group (SFG) of the decrease of its votes in SFG to 4.86%.
The reason for the change in the total number of votes at the general meeting of shareholders of SFG was the sale of 100'000 shares of the company on February 07, 2013.
Prior to the change of share amount, investment funds managed by PPIM held together 2,013,473 shares of SFG, representing 5.11% of the share capital of the company and the votes entitled to vote at the general meeting.
After the transaction investment funds managed by PPIM have a total of 1,913,473 shares of SFG which represents 4.86% of the share capital of the company and the votes entitled to vote at the general meeting.
The announcement is composed in accordance with Estonian Securities Market Act, Article 185, and in accordance with Article 69, Sec. 1, Item 2 in connection with Art. 87 Sec. 1 Item 3 Point b) of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments into Organized Trading, and Public Companies of Poland.
Märt Meerits
Member of the management board
Silvano Fashion Group
info@silvanofashion.com
00 372 6845 000