East Capital Explorer AB - Net Asset Value (NAV) SEK 81 per share on 31 October 2013
(Thomson Reuters ONE) -
NAV and share price development
* NAV per share on 31 October 2013 amounted to EUR 9.15 (SEK 81)
* NAV per share (EUR) increased by 1.4% (increased by 2.7% in SEK) compared to
30 September 2013
* The value of cash, cash equivalents and other short term investments per
share amounted to EUR 0.49 (SEK 4), corresponding to an aggregate of EUR
15m (SEK 135m)
* The closing price per share on 31 October 2013 was SEK 54.75 (EUR 6.22)
corresponding to an increase of 17% compared to 30 September 2013
* The number of shares outstanding in East Capital Explorer on 31 October
2013 was 31,424,309. The Company did not hold any own shares
* EUR 1 = SEK 8.80 on 31 October 2013
Events during the month
* During October, East Capital Explorer received a payout of EUR 1.7m from
East Capital Bering Ukraine Fund R as a result of the recent disposals
undertaken in the Fund
Financial reporting calendar
* Monthly Net Asset Value report on the fifth working day after the end of
each month
* Interim Report, 1 January - 30 September 2013 on 11 November 2013
* Year-end Report 2013 on 20 February 2014
* Interim Report, 1 January - 31 March 2014 on 22 May 2014
Portfolio on 31 October 2013
Value
% Value(1) % Value(1) per
change change share, Value, %
October 2013 EUR EURm of NAV
-------------------------------------------------------------------------------
Direct Investments
Melon Fashion Group 0.0% 5.3% 1.41 44.2 15%
Starman 2.9% 2.9% 0.77 24.3 8%
Trev-2 Group 0.0% 0.0% 0.24 7.4 3%
Komercijalna Banka
Skopje -2.7% -20.9% 0.21 6.5 2%
-------------------------------------------------------------------------------
0.6% 1.4% 2.62 82.4 29%
Fund Investments
East Capital
Bering Balkan
Fund 1.2% 9.0% 1.35 42.5 15%
East Capital Russia
Domestic Growth Fund 3.6% -0.4% 1.25 39.2 14%
East Capital
Bering Russia
Fund 0.2% -10.7% 0.79 24.8 9%
East Capital Special
Opportunities Fund 5.1% 18.7% 0.71 22.4 8%
East Capital Bering
Central Asia Fund 3.9% 16.5% 0.69 21.6 8%
East Capital
Baltic Property
Fund II 0.0% 6.1% 0.61 19.3 7%
East Capital Special
Opportunities Fund
II 1.6% -11.0% 0.56 17.7 6%
East Capital
Bering Ukraine
Fund R -0.6% -9.8% 0.10 3.0 1%
East Capital
Bering Ukraine
Fund A -0.1% -10.0% 0.11 3.5 1%
-------------------------------------------------------------------------------
2.1% 2.8% 6.17 194.0 67%
Short-term Investments
Short-term
investments(2) 0.09 2.9 1%
Cash and cash
equivalents 0.39 12.4 4%
-------------------------------------------------------------------------------
0.49 15.3 5%
-------------------------------------------------------------------------------
Total Portfolio 9.28 291.7 101%
Other assets and
liabilities net -0.13 -4.1 -1%
-------------------------------------------------------------------------------
Net Asset Value (NAV) 1.4% 0.3% 9.15 287.7 100%
-------------------------------------------------------------------------------
1) The value change calculation is adjusted for investments and distributions
during the period, i.e. it is the percentage change between the starting value
plus any added investment during the period and the ending value plus any
proceeds from divestments or dividends received during the period
2) Due to the ongoing liquidation of East Capital Bering New Europe Fund, East
Capital Power Utilities Fund and East European Debt Finance, these holdings
are no longer separately reported but included in short-term investments as
the remaining assets are limited and are expected to be divested before year-
end
Note that certain numerical information may not sum due to rounding
Contact information
Catharina Hagberg, Acting CEO, East Capital Explorer, +46 8 505 885 52
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 investment company, created with
the specific aim of bringing unique investment opportunities in Eastern Europe
to a broader investor base. The company makes direct investments into private
and public companies but investments are also made through East Capital's
private equity, real estate and alternative investment funds. 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: SE0002158568 -
Reuters: ECEX.ST - Bloomberg: ECEX SS Equity - Analysts: Carnegie,
Handelsbanken, Remium, Erik Penser
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 7 November 2013.
131107 - NAV Report October 2013:
http://hugin.info/143006/R/1741237/584972.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#1741237]
Unternehmensinformation / Kurzprofil:
Datum: 07.11.2013 - 07:01 Uhr
Sprache: Deutsch
News-ID 313699
Anzahl Zeichen: 7816
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 139 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"East Capital Explorer AB - Net Asset Value (NAV) SEK 81 per share on 31 October 2013"
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).
