December 23, 2016 / 7:15 AM / in 7 months

BRIEF-East Capital Explorer to carry out a repurchase program

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Dec 23 (Reuters) - 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 Source text for Eikon:

Further company coverage: ($1 = 9.2135 Swedish crowns) (Gdynia Newsroom)

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