East Capital Explorer AB - Net Asset Value SEK 84 per share on 29 February 2012
(Thomson Reuters ONE) -
* On 29 February 2012 the net asset value per share in East Capital Explorer
amounted to EUR 9.55 (corresponding to SEK 84[i]). The total net asset value
amounted to EUR 322m (corresponding to SEK 2.8bn)
* The total net asset value (EUR) increased 4.4 percent compared to 31 January
2012
* The value of cash, cash equivalents and other short term investments per
share amounted to EUR 1.11 (SEK 10), corresponding to an aggregate of EUR
37m (SEK 326m) of which EUR 24m (SEK 211m) were available for future
investments
* East Capital Explorer has continued to buy shares in TEO LT for an
additional EUR 1.1m
* The Board of Directors of East Capital Explorer proposes a dividend of SEK
0.80 per share for the fiscal year 2011, to be formally decided upon at the
AGM in April
* The closing price per share on 29 February 2012 was SEK 57.25 (corresponding
to EUR 6.50)
Excluding shares held by the company following buy-backs since September 2011,
the number of shares outstanding in East Capital Explorer AB on 29 February
2012 was 33,727,306.
This report has not been subject to review by the company's auditors.
The full net asset value report with the portfolio as of 29 February 2012 is
included in the attached pdf-file.
Contact information:
Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 32
Charlotte Åsberg, Investor Relations Manager, East Capital Explorer,
+46 8 505 885 94
Financial reporting calendar - East Capital Explorer:
* Monthly Net Asset Value report on the fifth working day after the end of
each month
* Annual Report 2011 available in April 2012
* Annual General Meeting 2012 on 25 April 2012
* Interim Report 1 January - 31 March 2012, 8 May 2012
* Interim Report 1 January - 30 June 2012, 7 August 2012
* Interim Report 1 January - 30 September 2012, 9 November 2012
About East Capital Explorer - East Capital Explorer AB (publ) is a Swedish
company, created with the specific aim of bringing unique investment
opportunities in Eastern Europe to a broader investor base. The company invests
mainly in East Capital's special fund products as well as in direct investments
into private and public companies. East Capital Explorer targets fast growing
sectors such as the power utilities, financial, retail and consumer goods and
real estate sectors. East Capital Explorer has appointed East Capital to manage
its investment activities. East Capital Explorer is listed on NASDAQ OMX Nordic
Stockholm, Mid Cap.
This information is disclosed in accordance with the Securities Markets Act, the
Financial Instruments Trading Act and demands made in the exchange rules. It was
released for publication at 07:00 a.m. CET on 7 March 2012.
--------------------------------------------------------------------------------
[i] 1 EUR = 8.81 SEK on 29 February 2012. Source: Bloomberg
120307 - NAV Report February 2012:
http://hugin.info/143006/R/1591778/500353.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: East Capital Explorer AB via Thomson Reuters ONE
[HUG#1591778]
Unternehmensinformation / Kurzprofil:
Datum: 07.03.2012 - 07:01 Uhr
Sprache: Deutsch
News-ID 122495
Anzahl Zeichen: 3898
contact information:
Town:
Stockholm
Kategorie:
Business News
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