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Eastnine — Net Asset Value 2013
Mar 7, 2013
3037_rns_2013-03-07_c3251900-add2-4bb2-9924-ec5c03948044.pdf
Net Asset Value
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PRESS RELEASE
Stockholm, 7 March 2013
Net Asset Value (NAV) SEK 79 per share on 28 February 2013
NAV and share price development
- NAV per share on 28 February 2013 amounted to EUR 9.42 (SEK 79)
- NAV per share (EUR) increased by 1.1% compared to 31 January 2013
- The value of cash, cash equivalents and other short term investments per share amounted to EUR 0.22 (SEK 2), corresponding to an aggregate of EUR 7m (SEK 59m)
- The closing price per share on 28 February 2013 was SEK 52.75 (EUR 6.25) corresponding to an decrease of 0.9% compared to 31 January 2013
- The number of shares outstanding in East Capital Explorer on 28 February 2013 was 31,424,309. The Company did not hold any own shares
- EUR 1 = SEK 8.44 on 28 February 2013
Events during the month
- On 1 February 2013, East Capital Explorer invested an additional EUR 10m into the East Capital Russia Domestic Growth Fund
- As announced on 13 February 2013, Mia Jurke, CEO of East Capital Explorer, plans to take maternity leave for a year starting mid-May. The Board of Directors has appointed Catharina Hagberg as acting CEO during Mia's absence
Financial reporting calendar
- Monthly Net Asset Value report on the fifth working day after the end of each month
- Annual Report 2012 available in April 2013
- Annual General Meeting 2013 on 24 April 2013
- Interim Report, 1 January 31 March 2013 on 8 May 2013
- Interim Report, 1 January 30 June 2013 on 14 August 2013
- Interim Report, 1 January 30 September 2013 on 11 November 2013
Portfolio on 28 February 2013
| % Fair1 value change |
% Fair1 value change |
Fair value per share, |
Fair value, |
% | |
|---|---|---|---|---|---|
| Portfolio on 28 February 2013 | February | 2013 | EUR | EURm | of NAV |
| Fund Investments | |||||
| East Capital Russia Domestic Growth Fund | 0.3% | 4.3% | 1.31 | 41.1 | 14% |
| East Capital Bering Balkan Fund | 1.0% | 3.9% | 1.29 | 40.5 | 14% |
| East Capital Bering Russia Fund | 3.5% | 4.3% | 0.92 | 29.0 | 10% |
| East Capital Special Opportunities Fund | 3.9% | 9.9% | 0.75 | 23.7 | 8% |
| East Capital Bering Central Asia Fund | 9.8% | 15.6% | 0.68 | 21.4 | 7% |
| East Capital Special Opportunities Fund II | -9.2% | -10.0% | 0.57 | 17.9 | 6% |
| East Capital Baltic Property Fund II | 0.0% | 0.0% | 0.55 | 17.4 | 6% |
| East Capital Bering New Europe Fund | 1.7% | 1.2% | 0.42 | 13.3 | 4% |
| East Capital Power Utilities Fund | -0.9% | 3.3% | 0.37 | 11.7 | 4% |
| East Capital Bering Ukraine Fund R | 3.7% | 3.0% | 0.17 | 5.4 | 2% |
| East Capital (Lux) Eastern European Fund | -0.6% | 2.9% | 0.14 | 4.5 | 2% |
| East Capital Bering Ukraine Fund A | 8.5% | 5.0% | 0.13 | 4.1 | 1% |
| 1.5% | 3.8% | 7.32 | 230.0 | 78% | |
| Direct Investments | |||||
| Melon Fashion Group | 0.0% | 0.0% | 1.41 | 44.2 | 15% |
| Komercijalna Banka Skopje | 2.1% | 14.3% | 0.32 | 9.9 | 3% |
| Trev-2 Group | 0.0% | 0.0% | 0.24 | 7.4 | 3% |
| East European Debt Finance (EEDF) | 2.6% | 1.3% | 0.02 | 0.8 | 0% |
| 0.4% | 2.0% | 1.98 | 62.3 | 21% | |
| Short-term Investments | |||||
| Cash and cash equivalents | 0.22 | 7.0 | 2% | ||
| 0.22 | 7.0 | 2% | |||
| Total Portfolio | 9.53 | 299.3 | 101% | ||
| Other assets and liabilities net | -0.11 | -3.4 | -1% | ||
| Net Asset Value (NAV) | 1.1% | 3.1% | 9.42 | 295.9 | 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.
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
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 direct investments into private and public companies. 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: SE002158568 - Reuters: ECEX.ST - Bloomberg: ECEX SS Equity - Analysts: Carnegie, Svenska Handelsbanken
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 7 March 2013.