VEFL SDB Vostok Emerging Finance Ltd

Vostok Emerging Finance depository receipt buy-back

Vostok Emerging Finance depository receipt buy-back

Stockholm, Sept. 16, 2019 (GLOBE NEWSWIRE) --

Vostok Emerging Finance Ltd’s (“VEF” or “the Company”) has between September 10 and September 13, 2019 repurchased 216,000 Swedish Depository Receipts (SDRs), at an average price of SEK 2,60, corresponding to a 24% discount to the latest reported NAV of the Company. These repurchased SDRs represent 0,03% of the total number of outstanding ordinary SDRs of Vostok Emerging Finance. The Company currently holds 3,438,218 repurchased SDRs. The total number of outstanding SDRs of the Company, excluding repurchased SDRs, is 658,235,134.



For further information please contact:

Henrik Stenlund, CFO: +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, +46 8 402 50 00, .

The information was submitted for publication through the agency of the contact person set out above at 08:00 CEST on September 16, 2019.

Attachment

EN
16/09/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Vostok Emerging Finance Ltd

Derek Laliberté ... (+2)
  • Derek Laliberté
  • Patrik Brattelius

VEF - Terminating coverage

ABGSC ceases coverage of VEF …due to the end of the contractual period Last NAV per share SEK 4.3

Derek Laliberté ... (+2)
  • Derek Laliberté
  • Patrik Brattelius

VEF - High NAV discount considering track record

NAVPS down 35% q-o-q, reflecting market conditions Strong cash position for future needs Excessive discount to NAV, and far below historical levels

Derek Laliberté ... (+2)
  • Derek Laliberté
  • Patrik Brattelius

VEF - Trading at an excessive NAV discount

Q2’22 NAVPS (SEK) -35% q-o-q and +4% y-o-y VEF trades at a 49% discount to NAVPS Solid cash position at USD 64.1m, 15% of NAV

Derek Laliberté ... (+2)
  • Derek Laliberté
  • Patrik Brattelius

VEF - Has all the flexibility it needs

NAVPS (SEK) flat q-o-q and up 55% y-o-y in Q1’22 Trading at 45% discount to NAVPS Fair value range of SEK 4.9-7.6

Derek Laliberté ... (+2)
  • Derek Laliberté
  • Patrik Brattelius

VEF - Trading at record high discount to NAV levels

Q1 NAVPS (SEK) flat q-o-q, driven by two new additions VEF trades at a 45% discount to NAVPS… …and 23% below the low end of our fair value range

ResearchPool Subscriptions

Get the most out of your insights

Get in touch