East Capital Explorer AB - Net Asset Value SEK 78 per share on 31 May 2012
(Thomson Reuters ONE) -
* On 31 May 2012 the net asset value per share in East Capital Explorer
amounted to EUR 8.72 (corresponding to SEK 78[i]). The total net asset value
amounted to EUR 294m (corresponding to SEK 2.6bn)
* The total net asset value (EUR) decreased by 6.0 percent compared to 30
April 2012
* The value of cash, cash equivalents and other short term investments per
share amounted to EUR 1.21 (SEK 11), corresponding to an aggregate of EUR
41m (SEK 369m) of which EUR 28m (SEK 251m) were available for future
investments
* At the end of January, East Capital Explorer decided to invest EUR 10m in
East Capital Baltic Property Fund II. The investment took place on 2 May and
the fund's first investment was made acquiring a newly constructed modern
logistic property in Tallinn on 24 May
* As earlier communicated, East Capital Explorer divested its entire holding
in TEO LT to TeliaSonera on 10 May, which resulted in an annual pre-tax
return of 17.4%
* As announced in a separate press release today, the mandatory takeover offer
in Melon Fashion Group is now complete and the number of shares tendered was
limited, corresponding to a total purchase price of EUR 5.4m. The mandatory
offer took place at the same price level as the Swedfund transaction
announced in July 2011
* A revaluation of East Capital Explorer's direct investment in Melon Fashion
Group was made during May. As of 31 May, the fair value of the holding
amounted to EUR 34m corresponding to an increase of 48% per share due to
stronger profitability as a result of strong increase in sales ahead of
budget and eliminated logistical problems that the company experienced in
2011
* The closing price per share on 31 May 2012 was SEK 46.50 (corresponding to
EUR 5.17)
Excluding shares held by the company following buy-backs since September 2011,
the number of shares outstanding in East Capital Explorer AB on 31 May 2012 was
33,709,706.
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 May 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
* 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 but it also makes in direct
investments into private and public companies. East Capital Explorer targets
fast growing sectors such as Power Utilities, Financials, Retail and Consumer
Goods and Real Estate. 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 8 June 2012.
--------------------------------------------------------------------------------
[i] 1 EUR = 8.99 SEK on 31 May 2012. Source: Bloomberg
120608 - NAV Report May 2012:
http://hugin.info/143006/R/1618252/516536.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#1618252]
Unternehmensinformation / Kurzprofil:
Datum: 08.06.2012 - 07:01 Uhr
Sprache: Deutsch
News-ID 154501
Anzahl Zeichen: 4702
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 279 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"East Capital Explorer AB - Net Asset Value SEK 78 per share on 31 May 2012"
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).
