Published: 2017-04-04 08:00:01 CEST
Vostok Emerging Finance Ltd
Company Announcement

Vostok Emerging Finance Net Asset value, Mar 31, 2017:

Stockholm, 2017-04-04 08:00 CEST (GLOBE NEWSWIRE) --  

 

NAV end of period

Per Share: SEK 2.05 / USD 0.23

Total value: SEK 1,355.4 mln / USD 151.7 mln

@ USD/SEK 8.9334

 

Movement in NAV over the period

SEK NAV per share +1.1% MoM and +3.4% since last published quarterly NAV (Dec 2016).

USD NAV per share +2.3% MoM and +5.0% since last published quarterly NAV (Dec 2016).

The majority of the change in monthly published NAV was a result of TCS Group Holding’s share price performance.

 

VEF share price premium / discount to NAV

As at Mar 31, 2017 VEF share price (VEMF SDB) traded at a 18.5% discount to reported NAV. The adjusted discount to NAV, stripping out portfolio cash and liquid assets at book value is 25.1%.

 

Summary NAV composition

Top 3 equity holdings, Mar 31, 2017 (Share of Total NAV):

- TCS Group Holding 44.4%

- REVO/Sorsdata 9.3%

- Jumo 8.4% 

Net cash and liquid investments amounted to USD 39.9 mln (26.3% of total NAV) as at end of period.

 

The number of outstanding shares as of March 31, 2017 was 661.5 mln.

This report has not been subject to review by the company's auditors.

 

Key figures included in this NAV report are categorized as Alternative Performance Measures (APMs) which are financial measures not defined or specified in the applicable financial reporting framework IFRS. As such, these measurements have limitations and should not be used as a substitute for measures of performance in accordance with IFRS.

 

For further information please contact:
Björn von Sivers, Investor Relations, Tel +46 (0)8 545 015 50

Vostok Emerging Finance is an investment company with the goal of investing in early stage modern financial services companies across emerging and frontier markets. VEF trades in Sweden on Nasdaq First North under the ticker VEMF SDB.

Vostok Emerging Finance’s Certified Adviser on Nasdaq First North is Pareto Securities AB.

This information is information that Vostok Emerging Finance Ltd is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CEST on April 4, 2017.


VEF_NAV_170331.pdf