East Capital Explorer AB - Interim Report 1 January - 30 June 2015

8/20/2015, 8:03 AM (Source: GlobeNewswire)

Key events during and after the quarter

  • Net Asset Value (NAV) per share decreased by 0.3% to EUR 9.32 (9.95) during Q2 2015
  • Redemption program completed in June, with EUR 13.2m distributed to shareholders in July. The three-year program is hence concluded with an aggregate shareholder distribution of EUR 41.0m, corresponding to a yield of 7-8%
  • Good development in Real Estate (+3.0% in Q2) while Private Equity (-1.1%) and Public Equity (-0.7%) contracted slightly
  • Private Equity and Real Estate increased to 61% (48 %) of the portfolio, while Public Equity decreased to 25 % (47 %), in line with the communicated strategy
  • 0.3% of the outstanding shares were repurchased in April. A new share buyback program starting 21 August was announced today
  • Fund holdings amounting to EUR 11.4m were sold during the quarter. In July and August, additional fund holdings were divested for a total consideration of EUR 5.0m
  • In April, a new dividend policy was announced, whereby at least 50% of received dividends will be distributed to shareholders
  • In line with the aim of increasing the portion of Real Estate investments, EUR 20m will be invested in the new fund East Capital Baltic Property Fund III

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

Financial reporting calendar

  • Interim Report, Q3 2015 - 5 Nov 2015
  • Year-end report 2015 - 11 Feb 2016

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 Stockholm, Mid Cap.

Listing: Nasdaq 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 20 August 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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