Stockholm, 2016-02-10 08:00 CET (GLOBE NEWSWIRE) --
- Net result for the period was USD 145.18 million (mln) (January 1, 2014–December 31, 2014: –127.45). Earnings per share were USD 1.97 (–1.62).
- Net result for the quarter was USD –5.3 mln (1.07). Earnings per share for the quarter were USD –0.07 (0.01).
- The net asset value of the Company was USD 503.44 mln on December 31, 2015 (December 31, 2014: 388.47), corresponding to USD 6.85 per share (December 31, 2014: 5.24). Given a SEK/USD exchange rate of 8.3524 the values were SEK 4,204.90 mln (December 31, 2014: 3,034.62) and SEK 57.21 (December 31, 2014: 40.95), respectively.
- The group’s net asset value per share in USD increased by 30.65% over the period January 1, 2015–December 31, 2015. During the same period the RTS index decreased by 4.26% in USD terms.
- During the quarter October 1, 2015–December 31, 2015 the group’s net asset value per share in USD decreased by 1.04% (RTS index –4.14%).
- During the fourth quarter, the Company obtained a USD 25 mln secured credit facility from Pareto Bank ASA, Pareto Securities AB and Pareto Securities AS, and utilized a USD 20 mln credit facility request.
- During the fourth quarter, the Company made an EUR 3.5 mln (USD 4 mln) investment in Wallapop.
- In October, the Company announced a material secondary transaction in its largest portfolio holding, Avito AB (“Avito”). Naspers Limited acquired secondary shares from other existing shareholders, thereby increasing its stake from 17.4% to 67.9% of the outstanding shares in Avito at an equity valuation of USD 2.7 bln. Vostok New Ventures has valued Avito on the basis of the price in this transaction (adjusted for a dividend received in December 2015) as per December 31, 2015.
- In December 2015, the Company received USD 30.6 mln in dividend from Avito.
- The number of outstanding shares at the end of the period was 73,499,555.
- On January 11, 2016, the Company announced that it had agreed to invest USD 20 mln into Propertyfinder, the leading property vertical in the MENA region. Vostok New Ventures is the sole investor in this primary funding round and will own 10% of the shares in Propertyfinder following the closing of the transaction. As per December 31, 2015, USD 5 mln has been paid out to the company and the remaining payment of USD 15 mln will be disbursed during 1Q16.
The Company will hold a telephone conference with an interactive presentation at 16:00 CET (10:00 a.m. EST) Wednesday, February 10. For call-in details, see separate press release issued Monday, February 8, at www.vostoknewventures.com.
