East Capital Explorer AB hereby reports that the Company, in accordance with
the decision of the Board regarding the utilization of the authorization to
repurchase own shares as announced on 8 March 2010, has repurchased an
additional 90,000 shares between 6 April and 9 April 2010 at an average price
of SEK 86.77 per share.
The utilization of the authorization allowed the Company to repurchase own
shares from 8 March 2010 up and until 9 April 2010. During this period, East
Capital Explorer has repurchased a total of 647,485 shares at an average price
of SEK 78.46 per share. Before 8 March 2010, the Company did not hold any own
shares. The total number of shares in East Capital Explorer amount to
35,499,160.
Gert Tiivas, CEO East Capital Explorer, says: "Although we are actively
investing and continue to see many interesting opportunities at attractive
valuations, the Board wanted to utilize the repurchase mandate to clearly
signal its confidence in the existing portfolio and its potential for value
growth."
The Board of East Capital Explorer has proposed to the AGM 2010 on 28 April to
cancel the shares that have been repurchased under the existing authorization.
The Board has also proposed for the AGM 2010 to resolve on a new authorization
for the Board to repurchase the Company's own shares that may be utilized until
the AGM 2011.
Contact information:
Gert Tiivas, CEO of East Capital Explorer AB +46 8 505 977 30
Mathias Pedersen, CFO of East Capital Explorer AB +46 8 505 977 48
Financial reporting calendar - East Capital Explorer:
• Monthly Net Asset Value report on the fifth working day after the end of each
month
• Annual General Meeting 2010 in Stockholm on 28 April 2010
• Interim Report 1 January - 31 March 2010, 11 May 2010
• Interim Report 1 January - 30 June 2010, 20 August 2010
About East Capital Explorer │ East Capital Explorer AB 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 private equity and semi-public equity funds that provide exposure to
companies not otherwise accessible via the local stock exchanges in Eastern
Europe. East Capital Explorer targets fast growing sectors such as the power
utilities, financial, retail and consumer goods and real estate sectors. East
Capital Explorer has appointed East Capital to manage its investment
activities. Since 9 November 2007, East Capital Explorer is listed on NASDAQ
OMX Stockholm, Mid Cap.
This information is disclosed in accordance with the Securities Markets Act,
the Financial Instruments Trading Act or demands made in the exchange rules.
