East Capital Explorer AB - Net Asset Value SEK 75 per share on 31 July 2012
(Thomson Reuters ONE) -
* On 31 July 2012 the net asset value per share in East Capital Explorer
amounted to EUR 8.93 (corresponding to SEK 75[i]). The total net asset value
amounted to EUR 301m(corresponding to SEK 2.5bn)
* The total net asset value (EUR) increased by 3.9 percent compared to 30 June
2012
* The value of cash, cash equivalents and other short term investments per
share amounted to EUR 1.73 (SEK 14), corresponding to an aggregate of EUR
58m (SEK 488m) of which EUR 51m (SEK 426m) were available for future
investments
* In mid-July, East Capital Explorer received its earlier communicated second
distribution from East Capital Special Opportunities Fund amounting to EUR
10.6m
* As earlier announced, the Company sold its entire stake in Populi, the
Georgian food retailer, for EUR 1.7m, which was EUR 1.6m higher than the
value as of 31 March. The Company realized an annualized pre-tax return of
-44%
* The Board of Directors has decided to utilize the repurchase mandate
received by the 2012 AGM to create value for the shareholders considering
among others, the current high discount to NAV. Shares can be purchased up
to and including 10 October, 2012 observing blackout periods
* As announced in a separate press release today, East Capital Explorer has
decided to invest EUR 15m into the East Capital Russia Domestic Growth Fund,
a new East Capital fund expected to be launched in the end of August
* The closing price per share on 31 July 2012 was SEK 45.00 (corresponding to
EUR 5.38)
The number of shares outstanding in East Capital Explorer AB on 31 July 2012 was
33,709,706. The Company does not hold any own shares.
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 July 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 September 2012, 9 November 2012
* Capital Markets Day, 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 7 August 2012.
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[i] 1 EUR = 8.37 SEK on 31 July 2012. Source: Bloomberg
120807 - NAV Report July 2012:
http://hugin.info/143006/R/1632186/523465.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#1632186]
Unternehmensinformation / Kurzprofil:
Datum: 07.08.2012 - 07:02 Uhr
Sprache: Deutsch
News-ID 172008
Anzahl Zeichen: 4343
contact information:
Town:
Stockholm
Kategorie:
Business News
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