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Eastnine AB (publ) (EAST9.ST)

EAST9.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Eastnine Q3 operating result swings to profit of EUR 3.3‍​ mln
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - EASTNINE AB (PUBL) :Q3 OPERATING PROFIT EUR 3.3‍​ MILLION VERSUS LOSS EUR 2 MILLION YEAR AGO.‍NET ASSET VALUE PER SHARE WAS EUR 9.79, AN INCREASE OF 2.2% FROM Q2​.  Full Article

East Capital Explorer proposes an ordinary dividend for 2016 of SEK 0.90/shr
Monday, 13 Feb 2017 

East Capital Explorer AB (publ) : Board will propose an ordinary dividend for 2016 of 0.90 crown, or 0.09 euro, per share .Net Asset Value (NAV) per share, adjusted for share buybacks, was 9.67 euros, an increase of 10.7 pct during Q4.  Full Article

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

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 

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 

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 

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 

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 

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 

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

East Capital Explorer sells Starman Group for at least EUR 81 mln
Monday, 14 Mar 2016 

East Capital Explorer AB:To sell its entire 63 percent stake in Starman Group to Providence Equity.Transaction will consist of an upfront cash consideration of about 81 million euros ($89.95 million) with the potential for an additional earn-out of up to 5 million euros payable in 2017.Transaction will represent an implied total enterprise value of about 210 million euros.Transaction will result in an exit gain for East Capital Explorer of at least 35 million euros.  Full Article

BRIEF-Eastnine Q3 operating result swings to profit of EUR 3.3‍​ mln

* Q3 OPERATING PROFIT EUR 3.3‍​ MILLION VERSUS LOSS EUR 2 MILLION YEAR AGO