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East Capital Explorer AB (publ) (ECEX.ST)

ECEX.ST on Stockholm Stock Exchange

71.25SEK
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

East Capital Explorer sells stake in Trev-2 Group
Thursday, 16 Mar 2017 07:00am EDT 

East Capital Explorer : Sold its 38-percent stake in Estonian road construction company Trev-2 Group to Baltcap . Says transaction realised a gross IRR of 2 percent and has no effect on NAV .Sold stake for a cash consideration of 5.7 million euros ($6.11 million).  Full Article

East Capital Explorer CEO leaves company
Thursday, 16 Mar 2017 06:00am EDT 

East Capital Explorer : CEO Mia Jurke leaves company . Mia Jurke will remain in her role until company's AGM on May 15, or until a successor is appointed, if sooner .Board will now initiate a recruitment process for a new CEO.  Full Article

East Capital Explorer to carry out a repurchase program
Friday, 23 Dec 2016 02:00am EST 

East Capital Explorer AB (publ) : Will convene an EGM on Jan 23 2017 to resolve to reduce share capital in company by cancelling 2,500,000 of repurchased shares. . Decided to, during period from Jan. 1 until March 31 2017, carry out a repurchase program . Maximum of 2,800,000 shares may be repurchased during period Jan. 1 to 31 March 2017 .Repurchases for a maximum of 50 million Swedish crowns ($5.5 million) may be made during period.  Full Article

East Capital Explorer: Arbitration panel's partial award regarding sale of Starman
Monday, 26 Sep 2016 02:00am EDT 

East Capital Explorer : Arbitration panel's partial award regarding the sale of Starman . Polaris, minority shareholder in Starman, has not waived its pre-emption right, thereby enabling Polaris to acquire East Capital Explorer's 63% interest in Starman Group . Closing of sale of Starman is thereby expected to be further delayed .The transaction was originally expected to be completed in Q2 2016.  Full Article

East Capital Explorer Q2 operating result swings to loss of EUR 7.3 mln
Tuesday, 30 Aug 2016 02:28am EDT 

East Capital Explorer : Q2 Net Asset Value per share was 8.74 euros, -2.9 pct .Q2 operating loss 7.3 million euros ($8.15 million) versus profit 736,000 euros year ago.  Full Article

East Capital Explorer sells fund holdings for EUR 15.7 mln
Monday, 11 Jul 2016 02:00am EDT 

East Capital Explorer publ AB : Says has divested fund holdings for 15.7 million euros ($17.35 million) .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.  Full Article

East Capital Explorer launches repurchase program
Friday, 20 May 2016 02:11am EDT 

East Capital Explorer : East capital explorer launches repurchase program today . Purpose of buyback program is to reduce share capital of East Capital Explorer . Maximum of 2,532,450 shares may be repurchased (including any block trade repurchases) under current authorization until and including June 9, 2016 . Holding of its own shares not exceed 10 percent of all shares in company .Payment for shares is to be made in cash.  Full Article

East Capital Explorer Q1 operating result swings to loss EUR 0.2 mln
Thursday, 19 May 2016 02:00am EDT 

East Capital Explorer : Q1 operating loss 0.2 million euros versus profit 15.9 million euros year ago . Dividend for 2015 of 0.80 crowns, or 0.09 euros, per share will be proposed to AGM on 9 June .Net asset value as per March 31 per share was 9.00 euros, unchanged since December 2015.  Full Article

East Capital Explorer intends to initiate share buyback
Thursday, 7 Apr 2016 02:07am EDT 

East Capital Explorer AB:Intends to launch discount mechanism.Announces its intention to initiate a share buyback program.If launched, buybacks will be carried out for as long as company's shares trade at a discount of more than 20 pct to its most recently published NAV.Intends to, call an EGM to cancel company's treasury shares if buyback mandate's 10 percent of outstanding shares threshold is reached.  Full Article

East Capital Explorer proposes joint termination of investment agreement
Thursday, 7 Apr 2016 02:05am EDT 

East Capital Explorer AB:Announces board's proposal for joint termination of the investment agreement.Summons shareholders to extraordinary general meeting ("EGM") on May 9.EGM to decide on immediate joint termination of investment agreement between company and East Capital.  Full Article

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BRIEF-East Capital Explorer proposes an ordinary dividend for 2016 of SEK 0.90/shr

* Board will propose an ordinary dividend for 2016 of 0.90 crown, or 0.09 euro, per share