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Eastnine — Net Asset Value 2012
Jul 6, 2012
3037_rns_2012-07-06_f7e30443-1216-42aa-a3a0-b4f4039affff.pdf
Net Asset Value
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PRESS RELEASE
Stockholm, 6 July 2012
Net Asset Value SEK 76 per share on 30 June 2012
- On 30 June 2012 the net asset value per share in East Capital Explorer amounted to EUR 8.69 (corresponding to SEK 76i ). The total net asset value amounted to EUR 293m (corresponding to SEK 2.6bn)
- The total net asset value (EUR) decreased by 0.3 percent compared to 31 May 2012
- The value of cash, cash equivalents and other short term investments per share amounted to EUR 1.70 (SEK 15), corresponding to an aggregate of EUR 57m (SEK 503m) of which EUR 49m (SEK 426m) were available for future investments
- On 28 June, it was announced that the Company received another distribution from East Capital Power Utilities Fund amounting to EUR 7.3m
- On 13 June, it was announced that the Company also receives its second distribution of approximately EUR 10m from the East Capital Special Opportunities Fund in mid-July
- During June, the 1,141,969 shares that were repurchased by the Company from 15 September 2011 to 30 March 2012 were cancelled in accordance with the decision at the Annual General Meeting on 25 April 2012
- The closing price per share on 30 June 2012 was SEK 47.50 (corresponding to EUR 5.42)
| % Fair1 value change |
% Fair1 value change |
Fair value per share, |
Fair value, |
% | |
|---|---|---|---|---|---|
| Portfolio on 30 June 2012 | June | 2012 | EUR | EURm | of NAV |
| Fund Investments | |||||
| East Capital Bering Balkan Fund | -2.4% | -6.1% | 1.06 | 35.8 | 12% |
| East Capital Bering Russia Fund | 1.4% | 0.7% | 0.84 | 28.3 | 10% |
| East Capital Power Utilities Fund | 16.3% | -6.9% | 0.79 | 26.7 | 9% |
| East Capital Special Opportunities Fund II | -3.4% | -16.0% | 0.62 | 20.8 | 7% |
| East Capital Special Opportunities Fund | -6.1% | 3.0% | 0.60 | 20.2 | 7% |
| East Capital Bering Central Asia Fund | -0.6% | 12.7% | 0.56 | 18.7 | 6% |
| East Capital Bering New Europe Fund | 3.2% | 4.1% | 0.37 | 12.5 | 4% |
| East Capital Baltic Property Fund II | -0.8% | -0.8% | 0.25 | 8.5 | 3% |
| East Capital (Lux) Eastern European Fund | 6.0% | 4.8% | 0.23 | 7.8 | 3% |
| East Capital Bering Ukraine Fund R | -2.0% | 3.8% | 0.17 | 5.7 | 2% |
| East Capital Bering Ukraine Fund A | -9.1% | -13.6% | 0.14 | 4.9 | 2% |
| 0.8% | -2.5% | 5.64 | 190.0 | 65% | |
| Direct Investments | |||||
| Melon Fashion Group | 0.0% | 37.8% | 1.02 | 34.4 | 12% |
| Komercijalna Banka Skopje | -8.4% | -7.8% | 0.27 | 9.0 | 3% |
| Trev-2 Group | 0.0% | 0.0% | 0.12 | 4.0 | 1% |
| East European Debt Finance (EEDF) | 1.0% | 6.1% | 0.04 | 1.2 | 0% |
| Populi | 0.0% | 0.0% | 0.00 | 0.1 | 0% |
| -1.6% | 21.9% | 1.44 | 48.7 | 17% | |
| Short-term Investments | |||||
| Other short-term investments | 0.71 | 23.9 | 8% | ||
| Cash and cash equivalents | 0.99 | 33.4 | 11% | ||
| 1.70 | 57.3 | 20% | |||
| Total Portfolio | 8.78 | 296.0 | 101% | ||
| Other assets and liabilities net | -0.09 | -2.9 | -1% | ||
| Net Asset Value (NAV) | -0.3% | 5.5% | 8.69 | 293.1 | 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.
The number of shares outstanding in East Capital Explorer AB on 30 June 2012 was 33,709,706. The Company does not hold any own shares.
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 June 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 June 2012, 7 August 2012
- Interim Report 1 January 30 September 2012, 9 November 2012
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 6 July 2012.
i 1 EUR = 8.77 SEK on 30 June 2012. Source: Bloomberg