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 13.10.2008 until 17.10.2008 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
13.10.2008 16,000 1.23 19.25 19,680 307,925
14.10.2008 17,000 1.31 20.50 22,270 348,450
15.10.2008 16,000 1.27 19.87 20,320 317,939
16.10.2008 16,000 1.27 19.87 20,320 317,939
17.10.2008 15,000 1.22 19.10 18,300 286,333
Total for period 80,000 1.26 19.71 100,890 1,578,585
Warsaw Stock Exchange
Share - SFG
Date Amount of shares Average price Cost in total
bought back per share
EUR PLN EUR PLN
13.10.2008 18,000 1.13 4.00 20,350 72,000
14.10.2008 18,000 1.13 4.00 20,350 72,000
15.10.2008 18,000 1.13 4.00 20,350 72,000
16.10.2008 17,000 1.05 3.72 17,874 63,240
17.10.2008 16,000 0.97 3.45 15,602 55,200
Total for period 87,000 1.08 3.83 94,525 334,440
Accumulated total under the share buyback program since 07.10.2008:
Amount of shares Average price Cost in total (EUR)
bought back per share (EUR)
305,000 1.20 366,182
1 EUR=15,6466 EEK
After the transactions listed above, AS Silvano Fashion Group owns 305,000 of
its own shares, which constitute 0.7625% of the share capital.
Under the buyback program, shares up to the value of 2,633,818 million Euros
remain to be bought back. The maximum amount of shares that remains to be
bought back is 3,695,000.
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