Tallinn, 2014-09-23 19:15 CEST (GLOBE NEWSWIRE) --
On September 23, 2014, Ms. Mari Tool notified the management board of Silvano Fashion Group (SFG) of the increase of her votes in Silvano Fashion Group to 20.30%.
The reason for the change in the total number of votes at the general meeting of shareholders of SFG was the purchase of 400,000 shares of the company on September 19, 2014.
Prior to the change of share amount, Ms. Tool held together 7,600,000 shares of SFG, representing 19.29% of the share capital of the company and the votes entitled to vote at the general meeting.
After the transaction Ms. Tool holds 8,000,000 shares of SFG which represents 20.30% 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
Tel: 00 372 6845 000
info@silvanofashion.com