2013-01-22 07:03:59 -
East Capital Explorer has decided to invest an additional EUR 10m into the East
Capital Russia Domestic Growth Fund at the Fund's next opening on 1 February
2013. This investment represents the Company's third investment into the Fund
since its launch in August 2012, and after this transaction East Capital
Explorer's total investment in the Fund will amount to EUR 40m.
Mia Jurke, CEO East Capital Explorer says: "This investment is in line with our
strategy to increase our exposure towards Russian domestic growth and the East
Capital Russia Domestic Growth Fund will now constitute one of the largest fund
investments in our portfolio."
The strategy of East Capital Russia Domestic Growth Fund is to exploit the
potential of the strong domestic Russian economy, by investing in 10 to 20
with a majority of their revenues deriving from Russia. Investments
are made in listed companies with a market capitalization above USD 500m. The
Fund operates across all sectors and invests in securities that are considered
to be undervalued and therefore have significant performance potential.
Mia Jurke, CEO, East Capital Explorer +46 8 505 885 32
Charlotte Åsberg, Investor Relations Manager, East Capital Explorer
+46 8 505 885 94
Financial reporting calendar - East Capital Explorer:
* Monthly Net Asset Value report on the fifth working day after the end of
* Year-end Report 2012, 14 February 2013
* 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
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.
This 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 22 January 2013.
130122 - Press Release:
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Source: East Capital Explorer AB via Thomson Reuters ONE