East Capital New Markets Fund, included in East Capital Explorer AB's investment
portfolio and focused on the Eastern European frontier markets, will merge with
East Capital's new fund East Capital Frontier Markets Fund, which will have a
broader focus on the global frontier markets. In conjunction with this merger,
East Capital Explorer will become a shareholder of the new fund.
The strategy of East Capital Frontier Markets Fund, which will be a daily traded
UCITS fund, is to invest in consumer oriented listed companies in the fast
growing frontier markets across Asia, Middle East, Africa, Latin America and
Europe. In view of East Capital Explorer's focus on Eastern Europe and the
company's aim of reducing the portion of listed holdings in the portfolio, the
new fund will be considered as a part of the company's cash management rather
than as a strategic investment.
- Our focus is on growing the portion of private equity and real estate
investments while further decreasing the portion of investments including listed
holdings. Considering that East Capital Frontier Markets Fund will be a daily
traded fund with favorable return potential, we view it as a good short-term
investment that can be divested on a short notice in order to finance new
investments within our focus areas, said Mia Jurke, CEO of East Capital
Explorer.
The value of East Capital Explorer's holding in East Capital New Markets Fund
amounted to EUR 49m as of 30 September, corresponding to 16.5 percent of the
company's net asset value. The fund gained by more than 11 percent in the first
three quarters of 2014.
Contact information
Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 52
Lena Krauss, CFO and Head of Investor Relations, +46 73 988 44 66
Financial reporting calendar
Year-end Report 2014 - 12 Feb 2015
Annual General Meeting 2015 - 21 Apr 2015
Interim Report, Q1 2015 - 13 May 2015
Interim Report, Q2 2015 - 20 Aug 2015
Interim Report, Q3 2015 - 5 Nov 2015
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 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 10:00 a.m. CET on 19 November 2014.
[HUG#1872688]
