Silvano Fashion Group
Changes in Substantial Shareholdings
Silvano Fashion Group / 20.07.2010 17:31 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 1. Pioneer Pekao Investment Management SA (PPIM), notified the management board of AS Silvano Fashion Group (SFG) of the increase of its votes in SFG up to 13,13 %. The latter percentage represents the share resulting from total holdings in all portfolios belonging to PPIM clients which are managed by PPIM. All PPIM clients hold a total of 5,252,317 shares of SFG, representing 13,13 % of the share capital of SFG and the votes entitled to vote at the general meeting. The shareholding of PPIM changed as a result of a transaction made on 7 July 2010, whereby it obtained 890,175 shares in SFG. Prior to the aforementioned transaction, the shareholding of the clients of PPIM constituted 10,91 % of the share capital of SFG and the votes entitled to vote at the general meeting, i.e. the shares the clients of PPIM constituted altogether 4,362,142 shares in SFG. 2. In addition PPIM as a management company of several Polish open-end funds, notified the management board of SFG of the increase of its votes in SFG up to 12,69 %. The different funds managed by PPIM hold altogether 5,075,034 shares in SFG, constituting 12,69 % of the share capital of SFG and the votes entitled to vote at the general meeting. The shareholding of PPIM changed as a result of a transaction made on 7 July 2010, whereby it obtained 768,733 shares in SFG. Prior to the aforementioned transaction, the shareholding of the funds managed by PPIM constituted 10,77 % of the share capital of SFG and the votes entitled to vote at the general meeting, i.e. the funds managed by PPIM held altogether 4,306,301 shares in SFG. The aforementioned 12,69 % shareholding is held by the following funds managed by PPIM: Pioneer Open-end Investment Fund (in Polish: Pioneer Fundusz Inwestycyjny Otwarty) and Polish Telecommunication Specialised Open-end Investment Fund (in Polish: Specjalistyczny Fundusz Inwestycyjny Otwarty Telekomunikacji Polskiej). The voting rights held by the above PPIM investment funds are included in the figures reported above regarding total holdings in all portfolios belonging to PPIM clients. PPIM notified that further investment decisions will be made using fundamental analysis. Payments and redemptions made by PPIM clients may additionally affect purchase and sale decisions. The aim of investing in SFG is to augment the value of portfolios managed by PPIM. Baiba Gegere Member of the Management Board AS Silvano Fashion Group Tel +375 172880770 News Source: NASDAQ OMX 20.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Silvano Fashion Group Estonia Phone: Fax: E-mail: Internet: ISIN: EE3100001751 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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