East Capital Explorer AB - Interim Report, 1 January - 31 March 2015

5/13/2015, 8:01 AM (Source: GlobeNewswire)

Key events

  • Net Asset Value (NAV) per share increased by 7.1% during Q1 2015, to EUR 9.35 (9.17), mainly driven by a rebound in the public equity segment and the rouble strengthening
  • The private equity and real estate weight in the portfolio increased to 57.3% (41.5%), while Public Equity decreased to 27.6% (43.2%)
  • East Capital Explorer invested an additional EUR 22.5m in Starman, in conjunction with the completion of Starman's acquisition of Cgates
  • To finance the investment in Starman, fund holdings were redeemed for a total consideration of EUR 11.1m during Q1 2015. Another EUR 10.4m was redeemed in April
  • In April, the Board announced a new dividend policy, whereby at least 50% of received dividends will be distributed to shareholders
  • Further in April, the AGM approved the proposed third share redemption program and appointed Lars O Grönstedt as new Chairman of the Board
  • During 25 March - 14 April, 0.55% of outstanding shares were repurchased

Comparative numbers in parentheses refer to Q1 2014

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

The information in this interim report is the information which East Capital Explorer AB is required to disclose under Sweden's Securities Market Act. It was released for publication at 08:00 a.m. CET on 13 May 2015




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: East Capital Explorer AB via Globenewswire

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