Stockholm, 2015-05-20 08:00 CEST (GLOBE NEWSWIRE) --
- Net result for the period was USD 12.83 million (mln) (January 1, 2014–March 31, 2014: –67.02). Earnings per share were USD 0.17 (–0.75).
- The net asset value of the company was USD 398.51 mln on March 31, 2015 (December 31, 2014: 388.47), corresponding to USD 5.42 per share (December 31, 2014: 5.24). Given a SEK/USD exchange rate of 8.6232 the values were SEK 3,436.40 mln (December 31, 2014: 3,034.62) and SEK 46.75 (December 31, 2014: 40.95), respectively.
- The group’s net asset value per share in USD increased by 2.58% over the period January 1, 2015–March 31, 2015. During the same period the RTS index increased by 11.35% in USD terms.
- The Board of Directors’ proposed change of the Company’s name to Vostok New Ventures Ltd to be resolved at the annual general meeting on May 20, 2015.
- The Board of Directors’ proposed transfer of the Company’s holding in Tinkoff Bank to the shareholders through the formation and spin-off of a new company, Vostok Emerging Finance Ltd, to be resolved at a Special General Meeting on June 9, 2015.
- During the first quarter 2015, Vostok Nafta repurchased 591,176 SDRs (shares). The number of outstanding shares at the end of the period was 73,506,155.
The company will host a telephone conference with an interactive presentation on Wednesday, May 20, 2015 at 16:00 Central European Time (CET). For call-in details, see separate press release issued Friday, May 15, 2015 at www.vostoknafta.com.
