Silvano Fashion Group
Changes in Substantial Shareholdings
Silvano Fashion Group 20.07.2011 17:56 --------------------------------------------------------------------------- Tallinn, Estonia, 2011-07-20 17:56 CEST (GLOBE NEWSWIRE) -- I Pioneer Pekao Investment Management SA (PPIM), notified the management board of AS Silvano Fashion Group (SFG) of the decrease of its votes in SFG to 11,10 %. 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 4 383 390 shares of SFG, representing 11,10 % of the share capital of SFG and the votes entitled to vote at the general meeting. Before the transaction, PPIM Clients held 4 411 131 shares. The decrease was a result of the sale of 27 741 shares on June 30. II In addition PPIM as a management company of several Polish open-end funds, notified the management board of SFG of the decrease of the votes of the investment funds established by Pioneer Pekao Investment Fund Company in SFG to 10.52 %. The different funds managed by PPIM hold altogether 4 165 637 shares in SFG, constituting 10.52 % of the share capital of SFG and the votes entitled to vote at the general meeting. Before the transaction, the funds held a total of 4 245 637 shares in SFG. III The aforementioned decrease in item II resulted in the reduction of the holding of Pioneer Open-End Investment Fund (Pioneer FIO) in SFG to 9.98 %. After the transaction, Pioneer FIO holds a total of 3 952 730 shares. Before the transaction, Pioneer FIO held a total of 4 032 730 shares. The decrease was a result of the sale of 80 000 shares on June 28. Märt Meerits Member of the board +372 6845 000 info@silvanofashion.com 20.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 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 Announcement DGAP News-Service ---------------------------------------------------------------------------
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