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Eastnine — Net Asset Value 2012
Oct 5, 2012
3037_rns_2012-10-05_e51f175e-144d-4c08-8a76-c666176772b5.pdf
Net Asset Value
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PRESS RELEASE Stockholm, 5 October 2012
Net Asset Value SEK 76 per share on 30 September 2012
- On 30 September 2012 the net asset value per share in East Capital Explorer AB amounted to EUR 9.04 (corresponding to SEK 76i ). The total net asset value amounted to EUR 300m (corresponding to SEK 2.5bn)
- The total net asset value (EUR) increased by 1.3 percent compared to 31 August 2012
- The value of cash, cash equivalents and other short term investments per share amounted to EUR 1.14 (SEK 10), corresponding to an aggregate of EUR 38m (SEK 320m) of which EUR 31m (SEK 258m) were available for future investments
- During September, East Capital Explorer repurchased 304,754 of its own shares at an average price of SEK 50.46 per share. Since the initial repurchases began on 8 August, East Capital Explorer has repurchased a total of 552,742 shares, corresponding to 1.6% of the outstanding shares, at an average price of SEK 49.75 per share
- The closing price per share on 30 September 2012 was SEK 51.00 (corresponding to EUR 6.04)
| % Fair1 value |
% Fair1 value |
Fair value per |
Fair | ||
|---|---|---|---|---|---|
| change | change | share, | value, | % | |
| Portfolio on 30 September 2012 | September | 2012 | EUR | EURm | of NAV |
| Fund Investments | |||||
| East Capital Bering Balkan | 2.2% | -2.0% | 1.13 | 37.3 | 12% |
| East Capital Bering Russia | 2.4% | 1.3% | 0.86 | 28.4 | 9% |
| East Capital Power Utilities Fund | 5.1% | -4.8% | 0.83 | 27.5 | 9% |
| East Capital Special Opportunities Fund | 3.7% | 10.0% | 0.65 | 21.7 | 7% |
| East Capital Bering Central Asia | 4.2% | 25.5% | 0.63 | 20.8 | 7% |
| East Capital Special Opportunities Fund II | 7.0% | -16.0% | 0.63 | 20.8 | 7% |
| East Capital Russia Domestic Growth Fund | -3.7% | -3.7% | 0.44 | 14.4 | 5% |
| East Capital Bering New Europe | 3.7% | 7.2% | 0.39 | 12.9 | 4% |
| East Capital Baltic Property Fund II | 5.6% | 4.7% | 0.27 | 9.0 | 3% |
| East Capital (Lux) Eastern European Fund (EUR) | 2.6% | 15.2% | 0.26 | 8.6 | 3% |
| East Capital Bering Ukraine R | -0.5% | 4.4% | 0.17 | 5.8 | 2% |
| East Capital Bering Ukraine A | -8.7% | -22.1% | 0.13 | 4.4 | 1% |
| 2.9% | 0.8% | 6.38 | 211.6 | 71% | |
| Direct Investments | |||||
| Melon Fashion Group | 0.0% | 37.1% | 1.05 | 34.9 | 12% |
| Komercijalna Banka Skopje | 1.5% | 5.1% | 0.29 | 9.6 | 3% |
| Trev-2 Group | 0.0% | 33.9% | 0.23 | 7.5 | 3% |
| East European Debt Finance (EEDF) | 2.2% | 10.7% | 0.04 | 1.3 | 0% |
| Short-term Investments | 0.3% | 25.9% | 1.60 | 53.2 | 18% |
| Other short-term investments | 0.26 | 8.5 | 3% | ||
| Cash and cash equivalents | 0.89 | 29.4 | 10% | ||
| 1.14 | 37.9 | 13% | |||
| Total Portfolio | 9.13 | 302.7 | 101% | ||
| Other assets and liabilities net | -0.09 | -3.0 | -1% | ||
| Net Asset Value (NAV) | 1.3% | 2.1% | 9.04 | 299.7 | 100% |
1) The fair value change calculation is adjusted for investments and distributions during the period, i.e. it is the percentage change between the starting fair value plus any added investment during the period and the ending fair value plus any proceeds from divestments or dividends received during the period.
Note that certain numerical information may not sum due to rounding.
i 1 EUR = 8.44 SEK on 30 September 2012. Source: Bloomberg
Excluding shares held by the company following buy-backs in September, the number of shares outstanding in East Capital Explorer on 30 September 2012 was 33,156,964.
This report has not been subject to review by the company's auditors.
The full net asset value report with the portfolio as of 30 September 2012 is included in the attached pdf-file.
Contact information:
Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 32 Charlotte Åsberg, Investor Relations Manager, East Capital Explorer, +46 8 505 885 94
Financial reporting calendar - East Capital Explorer:
- Monthly Net Asset Value report on the fifth working day after the end of each month
- Interim Report 1 January 30 September 2012, 9 November 2012
- Capital Markets Day, 9 November 2012
- Year-end Report 2012, 14 February 2013
About East Capital Explorer - East Capital Explorer AB (publ) is a Swedish company, created with the specific aim of bringing unique investment opportunities in Eastern Europe to a broader investor base. The company invests mainly in East Capital's special fund products but it also makes in direct investments into private and public companies. East Capital Explorer targets fast growing sectors such as Power Utilities, Financials, Retail and Consumer Goods and Real Estate. East Capital Explorer has appointed East Capital to manage its investment activities. East Capital Explorer is listed on NASDAQ OMX Nordic Stockholm, Mid Cap.
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 07:00 a.m. CET on 5 October 2012.