Key events during the fourth quarter
·
Net Asset Value (NAV) per share was EUR 9.00, an increase of 3.2% since December
2014, and an increase of 0.5% since 30 September. Total NAV was EUR 254m
·
3 Burės was appreciated by EUR 2.3m, while Melon Fashion Group was impaired by
EUR 2.2m during the fourth quarter
·
The remaining stake in East Capital Russia Domestic Growth Fund was redeemed for
an amount of EUR 10.5m during the quarter. In total, fund holdings equivalent to
EUR 38.0m were sold during the year
·
The first draw-down, corresponding to EUR 3.3m of the company’s total committed
investment of EUR 20m, was made in East Capital Baltic Property Fund III during
the quarter
Key events after the period
·
East Capital and East Capital Explorer today, 11 February 2016, announce their
joint view that the Investment Agreement between the companies should be
terminated. An EGM will be called to decide on the termination. More information
will be provided in connection with an EGM notice no later than by the end of
February
·
East Capital Explorer will propose to pay an ordinary dividend for 2015 of SEK
0.80, or EUR 0.09, per share
·
No decision on share buybacks during the coming period has been taken
Financial reporting calendar
·
Annual Report 2015 available in March 2016
·
Annual General Meeting 2016 – 20 April 2016
·
Interim Report, Q1 2016 – 19 May 2016
·
Interim Report, Q2 2016 – 26 Aug 2016
·
Interim Report, Q3 2016 – 17 Nov 2016
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 aim of bringing unique investment opportunities in Eastern Europe to a
broader investor base. The company makes direct investments into primarily
private companies and real estate, but has also invested through East Capital’s
alternative investment funds. East Capital Explorer’s main investment theme is
domestic growth and the Company targets fast growing sectors such as retail,
telecom and real estate. 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
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 08:00 am. CET on 11 February 2016
