East Capital Explorer AB (publ) (“ECEX”) has during the period between 24 May
and 8 July 2016 divested fund holdings for a total amount equivalent to EUR
15.7m, of which EUR 8.5m in East Capital Frontier Markets Fund and EUR 7.2m in
East Capital Deep Value Fund. The divestments have been made as part of the
Company’s focus on Private Equity and Real Estate, and to finance the ongoing
share repurchase program.
The average annual return (IRR) for the divested shares in East Capital Frontier
Markets Fund is 0.0 percent and the Company’s remaining holding in the fund
amounts to approximately EUR 22.5m. IRR for the divested shares in East Capital
Deep Value Fund is 0.7 percent, and the remaining holding in the fund is
approximately EUR 32.9m.
Contact information
Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 32
Lena Krauss, CFO and Head of Investor Relations, East Capital Explorer, +46
73 988 44 66
About East Capital Explorer
East Capital Explorer AB (publ) is a Swedish investment company, offering unique
investment opportunities in Eastern Europe, where the Baltic countries represent
the company’s largest investment region. The company primarily invests in
unlisted assets within the private equity and real estate segments. 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 is listed on Nasdaq Stockholm, Mid Cap.
Listing: Nasdaq Stockholm, Mid Cap - Ticker: ECEX - ISIN: SE0002158568 -
Reuters: ECEX.ST - Bloomberg: ECEX SS Equity
This information is information that East Capital Explorer AB (publ) is obliged
to make public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact persons set out
above, at 08:00 a.m. CET on 11 July 2016.
