STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
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.
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.
This information was brought to you by Cision http://news.cision.com