NAV end of period
Per share: SEK 1.84 / USD 0.20
Total value: SEK 1,217.7 mln / USD 132.9 mln
@ USD/SEK 9.1607
Movement in NAV over the period
SEK NAV per share +1.2% MoM and +14.9% since last published quarterly NAV (Sept 2016).
USD NAV per share -0.6% MoM and +8.1% since last published quarterly NAV.
The change in NAV was driven by a slightly lower TCS Group Holding share price and a weakening of the SEK vs USD.
VEF share price premium / discount to NAV
As at Nov 30, 2016 VEF share price (VEMF SDB) traded at a 23.8% discount to reported NAV. The adjusted discount to NAV, stripping out portfolio cash and liquid assets at book value is 40.9%.
Summary NAV composition
Top 3 equity holdings, Nov 30, 2016 (Share of Total NAV):
- TCS Group Holding 43.3%
- Jumo 8.1%
- REVO/Sorsdata 3.8%
Cash and liquid investments amounted to USD 55.1 mln (41.6% of total NAV) as at end of period.
The number of outstanding shares as of November 31, 2016 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 CET on December 2, 2016.