East Capital Explorer AB - Fund Investment Performance May 2015
(Thomson Reuters ONE) -
East Capital Explorer discontinues monthly fund performance reports
East Capital Explorer has decided to discontinue the published monthly fund
performance reports. This report is thereby the last. The reason for the
decision is that the proportion of funds without publicly available Net Asset
Values (NAV) has been reduced to a non-substantial part of the Company's NAV,
while Private Equity and Real Estate investments have increased. In the event of
major value changes in the fund holdings, with a material effect on the
Company's NAV, the market will be informed in accordance with Nasdaq Stockholm's
Rule book for Issuer. East Capital Explorer's NAV is published quarterly in the
Company's interim reports.
Indicative value change, EUR
Fund Investments May 2015¹
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East Capital Deep Value Fund 1.3%
East Capital Russia Domestic Growth
Fund -1.7%
East Capital Baltic Property Fund II² 0.0%
East Capital Frontier Markets Fund³ -1.4%
East Capital Bering Ukraine Fund Class
R³ 2.0%
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Value change Fund Investments -0.1%
¹ Adjusted for investments, divestments and distributions during the period
² East Capital Baltic Property Fund II publishes NAV on a quarterly basis
³ East Capital Frontier Markets Fund, a UCITS fund with daily NAV quotes, and
East Capital Bering Ukraine Fund Class R, are included in short-term
investments in East Capital Explorer's financial reports
1 EUR = 9.37 SEK on 31 May 2015. Source: Reuters
Fund investments, including the short-term investments in East Capital
Frontier Markets Fund and East Capital Bering Ukraine Fund Class R, accounted
for 48% of East Capital Explorer's total NAV in the latest published interim
report as of 31 March 2015. In April, the Company sold shares in East Capital
Russia Domestic Growth Fund for a total consideration of EUR 5.0m and in East
Capital Deep Value Fund for a consideration of EUR 5.4m. No fund divestments
were made in May.
Financial reporting calendar
* Interim Report, Q2 2015 - 20 Aug 2015
* Interim Report, Q3 2015 - 5 Nov 2015
Contact information
Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 32
Lena Krauss, CFO and Head of Investor Relations, East Capital Explorer,
+46 73 988 44 66
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
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 08:00 a.m. CET on 5 June 2015.
150605 - Press Release:
http://hugin.info/143006/R/1926512/691364.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1926512]
Unternehmensinformation / Kurzprofil:
Datum: 05.06.2015 - 08:01 Uhr
Sprache: Deutsch
News-ID 398470
Anzahl Zeichen: 5106
contact information:
Town:
Stockholm
Kategorie:
Business News
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"East Capital Explorer AB - Fund Investment Performance May 2015"
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