Silvano Fashion Group Stock Exchange Release 27.10.2008
Share Buyback Transactions
On 06.10.2008, the management board of AS Silvano Fashion Group, acting under
the authorization granted by the general meeting of shareholders, decided to
initiate a share buyback program. The maximum amount to be invested in the
programme by AS Silvano Fashion Group is EUR 3 million Euros (46,9 million
Estonian kroons). The maximum number of shares to be purchased under the
programme is 4 million. The buyback period started on 07.10.2008 and will end
on 06.10.2009.
During the period from 20.10.2008 until 24.10.2008 the following buyback
transactions have been made:
Tallinn Stock Exchange
Share - SFGAT
Date Amount of shares Average price Cost in total
bought back per share
EUR EEK EUR EEK
20.10.2008 20,000 1.22 19.09 24,400 382,777
21.10.2008 6,000 1.17 18.31 7,020 109,839
22.10.2008 6,000 1.15 17.99 6,900 107,962
23.10.2008 5,000 1.15 17.99 5,750 89,968
24.10.2008 6,000 1.00 15.65 6,000 93,880
Total for period 43,000 1.16 18.15 50,070 783,425
Warsaw Stock Exchange
Share - SFG
Date Amount of shares Average price Cost in total
bought back per share
EUR PLN EUR PLN
20.10.2008 20,000 0.83 3.10 16,658 62,000
21.10.2008 6,000 0.83 3.10 4,998 18,600
22.10.2008 7,000 0.79 2.95 5,548 20,650
23.10.2008 6,000 0.81 3.00 4,836 18,000
24.10.2008 6,000 0.78 2.90 4,675 17,400
Total for period 45,000 0.82 3.04 36,716 136,650
Accumulated total under the share buyback program since 07.10.2008:
Amount of shares Average price
bought back per share (EUR) Cost in total (EUR)
393 000 1.15 452,968
1 EUR=15,6466 EEK
After the transactions listed above, AS Silvano Fashion Group owns 393,000 of
its own shares, which constitute 0.9825% of the share capital.
Under the buyback program, shares up to the value of 2,547,032 million Euros
remain to be bought back. The maximum amount of shares that remains to be
bought back is 3,607,000.
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 AS Hansapank, which will buy back shares on behalf of
AS Silvano Fashion Group. AS Hansapank 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.
Peeter Larin
Member of the management board
Silvano Fashion Group
Tel +372 67 10 700
E-mail: info@silvanofashion.com
www.silvanofashion.com