East Capital Explorer AB - Net Asset Value SEK 77 per share on 31 December 2011
(Thomson Reuters ONE) -
* On 31 December 2011 the net asset value per share in East Capital Explorer
amounted to EUR 8.69 (corresponding to SEK 77[1]). The total net asset value
amounted to EUR 293m (corresponding to SEK 2.6bn)
* The total net asset value (EUR) decreased 4.8 percent compared to 30
November 2011
* The value of cash, cash equivalents and other short term investments per
share amounted to EUR 1.17 (SEK 10), corresponding to an aggregate of EUR
39m (SEK 351m) of which EUR 28m (SEK 250m) were available for future
investments
* A revaluation of East Capital Explorer's direct investment in Populi was
also made during December. Populi was valued down with 94 percent and as of
31 December 2011 and the fair value of the holding amounted to EUR 0.1m. The
significant write-down in Populi is due to the earlier announced problems in
the company that have increased further. The new valuation is based on an
external appraisal
* During the period 15 September until 30 December, East Capital Explorer
repurchased 1,081,554 of its own shares at an average price of SEK 51.54 per
share, which corresponded to 3.1 percent of the company's outstanding number
of shares
* The closing price per share on 31 December 2011 was SEK 53.75 (corresponding
to EUR 6.03)
* During December, external valuations have been performed for East Capital
Explorer's investments in Melon Fashion Group and Trev-2 Group. As of 31
December 2011, the fair value of the holding in Melon Fashion Group amounted
to EUR 19.5m, corresponding to an increase of 1.4%. The fair value of the
holding in Trev-2 Group amounted to EUR 4.0m as of 31 December 2011, which
leaves the value unchanged
Excluding shares held by the company following buy-backs since September, the
number of shares outstanding in East Capital Explorer AB on 31 December 2011 was
33,770,121.
This report has not been subject to review by the company's auditors.
The full net asset value report with the portfolio as of 31 December 2011 is
included in the attached pdf-file.
Contact information:
Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 32
Mathias Pedersen, CFO, East Capital Explorer, +46 8 505 977 48
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
* Year-end Report 2011, 15 February 2012
* Annual Report 2011 available in April 2012
* Annual General Meeting 2011 on 25 April 2012
* Interim Report 1 January - 31 March 2012, 8 May 2012
About East Capital Explorer - East Capital Explorer AB 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 alternative investment funds 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. Since 9 November 2007, 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 9 January 2012.
--------------------------------------------------------------------------------
[1] 1 EUR = 8.92 SEK on 31 December 2011. Source: Bloomberg
120109 - NAV Report December 2011:
http://hugin.info/143006/R/1575850/490901.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#1575850]
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
" alt="Syndicated Metals Ltd.: Diamond drilling underway at Andy´s Hill IOCG Copper-Gold TargetDatum: 09.01.2012 - 07:01 Uhr
Sprache: Deutsch
News-ID 101896
Anzahl Zeichen: 4844
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 266 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"East Capital Explorer AB - Net Asset Value SEK 77 per share on 31 December 2011"
steht unter der journalistisch-redaktionellen Verantwortung von
East Capital Explorer AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
