Share buyback transactions Tallinn, 2014-03-14 15:30 CET

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News Desk 2018
Share buyback transactions

Tallinn, 2014-03-14 15:30 CET (GLOBE NEWSWIRE) --  

During the period from 10.03.2014 until 14.03.2014 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back   Average share price    Cost in total
      EUR   EUR
10.03.14 12 500   2.0196   25 245.00
11.03.14 13 200      1.9021   25 107.72
12.03.14 14 400   1.9014   27 380.16
13.03.14 16 000   1.8238   29 180.80
14.03.14 18 800   1.7170   32 279.60
Total amount: 74 900   1.8584   139 193.28

  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)
 281 855 2.2416 631 818.15

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 281 855 shares in total for the total amount of 631 818.15 Euros, resulting an average acquisition cost of 2.2416 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

 

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