Share buyback transactions

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| Source: Silvano Fashion Group
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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 back   Average price per share   Cost in 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 period: 22 800   2.4503   55 867.82   

   

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: info@silvanofashion.com