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Eastnine — Net Asset Value 2013
Sep 6, 2013
3037_rns_2013-09-06_381fe010-9278-4dc8-8b70-0c505b1b897a.pdf
Net Asset Value
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PRESS RELEASE
Stockholm, 6 September 2013
Net Asset Value (NAV) SEK 78 per share on 31 August 2013
NAV and share price development
- NAV per share on 31 August 2013 amounted to EUR 8.96 (SEK 78)
- NAV per share (EUR) decreased by 0.3% (increase by 0.7% in SEK) compared to 31 July 2013
- The value of cash, cash equivalents and other short term investments per share amounted to EUR 0.24 (SEK 2), corresponding to an aggregate of EUR 7m (SEK 65m)
- The closing price per share on 31 August 2013 was SEK 46.90 (EUR 5.36) corresponding to an increase of 2.2% compared to 31 July 2013
- The number of shares outstanding in East Capital Explorer on 31 August 2013 was 31,424,309. The Company did not hold any own shares
- EUR 1 = SEK 8.75 on 31 August 2013
Events during the month
East Capital Explorer's Capital Markets Day 2013 was expected to take place on 3 October but it will be postponed until later this year. A new date will be announced shortly
Financial reporting calendar
- Monthly Net Asset Value report on the fifth working day after the end of each month
- Interim Report, 1 January 30 September 2013 on 11 November 2013
- Year-end Report 2013 on 20 February 2014
- Interim Report, 1 January 31 March 2014 on 22 May 2014
Portfolio on 31 August 2013
| % Value1 change August |
% Value1 change 2013 |
Value per share, EUR |
Value, EURm |
% of NAV |
|
|---|---|---|---|---|---|
| Direct Investments | |||||
| Melon Fashion Group | 0.0% | 5.3% | 1.41 | 44.2 | 16% |
| Starman | 0.0% | 0.0% | 0.75 | 23.6 | 8% |
| Trev-2 Group | 0.0% | 0.0% | 0.24 | 7.4 | 3% |
| Komercijalna Banka Skopje | -0.6% | -18.8% | 0.21 | 6.7 | 2% |
| 0.0% | 0.8% | 2.61 | 81.9 | 29% | |
| Fund Investments | |||||
| East Capital Bering Balkan Fund | 1.1% | 6.1% | 1.32 | 41.3 | 15% |
| East Capital Russia Domestic Growth Fund | -5.3% | -9.1% | 1.14 | 35.8 | 13% |
| East Capital Bering Russia Fund | 2.9% | -11.6% | 0.78 | 24.6 | 9% |
| East Capital Bering Central Asia Fund | -2.1% | 15.0% | 0.68 | 21.3 | 8% |
| East Capital Special Opportunities Fund | 1.1% | 6.8% | 0.63 | 19.9 | 7% |
| East Capital Baltic Property Fund II | 1.5% | 5.2% | 0.61 | 19.1 | 7% |
| East Capital Special Opportunities Fund II | 3.3% | -12.4% | 0.55 | 17.4 | 6% |
| East Capital Bering New Europe Fund | 1.9% | -1.9% | 0.23 | 7.1 | 3% |
| East Capital Bering Ukraine Fund R | -0.3% | -7.0% | 0.15 | 4.9 | 2% |
| East Capital Bering Ukraine Fund A | -4.2% | -9.0% | 0.11 | 3.5 | 1% |
| -0.1% | -1.2% | 6.20 | 194.9 | 69% | |
| Short-term Investments | |||||
| Short-term investments2 | 0.07 | 2.1 | 1% | ||
| Cash and cash equivalents | 0.17 | 5.4 | 2% | ||
| 0.24 | 7.5 | 3% | |||
| Total Portfolio | 9.05 | 284.3 | 101% | ||
| Other assets and liabilities net | -0.09 | -2.7 | -1% | ||
| Net Asset Value (NAV) | -0.3% | -1.8% | 8.96 | 281.6 | 100% |
1) The value change calculation is adjusted for investments and distributions during the period, i.e. it is the percentage change between the starting value plus any added investment during the period and the ending value plus any proceeds from divestments or dividends received during the period
2) Due to the ongoing liquidation of East Capital Power Utilities Fund and East European Debt Finance, these holdings are no longer separately reported but included in short-term investments as the remaining assets are limited.
Note that certain numerical information may not sum due to rounding
Contact information
Catharina Hagberg, Acting CEO, East Capital Explorer, +46 8 505 885 52 Charlotte Åsberg, Investor Relations Manager, East Capital Explorer, +46 8 505 885 94
About East Capital Explorer
East Capital Explorer AB (publ) is a Swedish investment company, created with the specific aim of bringing unique investment opportunities in Eastern Europe to a broader investor base. The company makes direct investments into private and public companies but investments are also made through East Capital's private equity, real estate and alternative investment funds. East Capital Explorer's main investment theme is domestic growth and the Company targets fast growing sectors such as Retail and Consumer goods, Financials and Real Estate. East Capital Explorer has appointed East Capital to manage its investment activities. East Capital Explorer is listed on NASDAQ OMX Stockholm, Mid Cap.
Listing: NASDAQ OMX Stockholm, Mid Cap - Ticker: ECEX - ISIN: SE0002158568 - Reuters: ECEX.ST - Bloomberg: ECEX SS Equity - Analysts: Carnegie, Handelsbanken, Remium, Erik Penser
This report has not been subject to review by the company's auditors and the 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 September 2013.