East Capital Explorer AB - Net Asset Value (NAV) SEK 78 per share on 31 March 2013
(Thomson Reuters ONE) -
NAV and share price development
* NAV per share on 31 March 2013 amounted to EUR 9.27 (SEK 78)
* NAV per share (EUR) decreased by 1.6% compared to 28 February 2013
* The value of cash, cash equivalents and other short term investments per
share amounted to EUR 0.21 (SEK 2), corresponding to an aggregate of EUR 7m
(SEK 56m)
* The closing price per share on 31 March 2013 was SEK 52 (EUR 6.21)
corresponding to an decrease of 1.4% compared to 28 February 2013
* The number of shares outstanding in East Capital Explorer on 31 March 2013
was 31,424,309. The Company did not hold any own shares
* EUR 1 = SEK 8.37 on 31 March 2013
Events during the month
* As announced in March, East Capital Explorer's Annual General Meeting (AGM)
will be held on 24 April 2013 at 3:15 pm at Konserthuset, Stockholm. The
Company will host a seminar prior to the AGM with presentations and round-
table discussions on the developments underway in Eastern Europe with
representatives from the Investment Manager, East Capital. For more
information, please visit: www.eastcapitalexplorer.com/en/agm2013
* Cyprus is currently under economic pressure and there are ongoing
discussions on increased corporate tax and restructuring of the banking
system. Considering this, we would like to inform our shareholders that East
Capital Explorer's exposure to Cyprus is very limited. The Company's
subsidiaries Humarito Ltd and East Capital Explorer Investments (Cyprus) Ltd
as well as the subsidiaries within the funds that East Capital Explorer
invests into, transferred out cash held in Cypriot banks before the crisis
Financial reporting calendar
· Monthly Net Asset Value report on the fifth working day after the end
of each month
· Annual General Meeting 2013 on 24 April 2013
· Interim Report, 1 January - 31 March 2013 on 8 May 2013
· Interim Report, 1 January - 30 June 2013 on 14 August 2013
· Interim Report, 1 January - 30 September 2013 on 11 November 2013
Portfolio on 31 March 2013
% Fair(1) % Fair(1) Fair
value value value per Fair
change change share, value, %
March 2013 EUR EURm of NAV
-------------------------------------------------------------------------------
Fund Investments
East Capital
Bering Balkan Fund -1.1% 2.8% 1.27 40.1 14%
East Capital
Russia Domestic
Growth Fund -5.0% -1.0% 1.24 39.0 13%
East Capital
Bering Russia Fund -2.2% 2.0% 0.90 28.4 10%
East Capital
Special
Opportunities Fund -1.5% 8.3% 0.74 23.3 8%
East Capital
Bering Central
Asia Fund 5.9% 22.5% 0.72 22.7 8%
East Capital
Special
Opportunities Fund
II -2.5% -12.3% 0.55 17.4 6%
East
Capital
Baltic
Property
Fund II 0.0% 0.0% 0.55 17.4 6%
East Capital
Bering New Europe
Fund -1.4% -0.2% 0.42 13.1 5%
East Capital Power
Utilities Fund -2.2% 1.0% 0.37 11.5 4%
East Capital
Bering Ukraine
Fund R 1.6% 4.6% 0.17 5.5 2%
East Capital (Lux)
Eastern European
Fund -1.5% 1.3% 0.14 4.5 2%
East Capital
Bering Ukraine
Fund A -8.4% -3.8% 0.12 3.7 1%
-------------------------------------------------------------------------------
-1.5% 2.3% 7.21 226.6 78%
Direct Investments
Melon Fashion
Group 0.0% 0.0% 1.41 44.2 15%
Komercijalna Banka
Skopje -11.4% 1.3% 0.28 8.8 3%
Trev-2 Group 0.0% 0.0% 0.24 7.4 3%
East European Debt
Finance (EEDF) 1.0% 1.9% 0.03 0.8 0%
-------------------------------------------------------------------------------
-1.8% 0.2% 1.95 61.2 21%
Short-term
Investments
Cash and cash
equivalents 0.21 6.7 2%
-------------------------------------------------------------------------------
0.21 6.7 2%
-------------------------------------------------------------------------------
Total Portfolio 9.37 294.5 101%
Other assets and
liabilities net -0.10 -3.2 -1%
-------------------------------------------------------------------------------
Net Asset Value
(NAV) -1.6% 1.5% 9.27 291.3 100%
-------------------------------------------------------------------------------
1) The fair value change calculation is adjusted for investments and
distributions during the period, i.e. it is the percentage change between the
starting fair value plus any added investment during the period and the ending
fair value plus any proceeds from divestments or dividends received during the
period.
Note that certain numerical information may not sum due to rounding.
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
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 direct investments into private and public companies.
East Capital Explorer's main investment theme is domestic growth and the Company
targets fast growing sectors such as Retail and Consumer goods, Financials and
Real Estate. East Capital Explorer has appointed East Capital to manage its
investment activities. East Capital Explorer is listed on NASDAQ OMX Stockholm,
Mid Cap.
Listing: NASDAQ OMX Stockholm, Mid Cap - Ticker: ECEX - ISIN: SE002158568 -
Reuters: ECEX.ST - Bloomberg: ECEX SS Equity - Analysts: Carnegie, Svenska
Handelsbanken
This report has not been subject to review by the company's auditors and the
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 April 2013.
130408 - NAV Report March 2013:
http://hugin.info/143006/R/1690801/555178.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#1690801]
Unternehmensinformation / Kurzprofil:
Datum: 08.04.2013 - 07:01 Uhr
Sprache: Deutsch
News-ID 246537
Anzahl Zeichen: 8738
contact information:
Town:
Stockholm
Kategorie:
Business News
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