Eastnine introduces new dividend policy and financial targets, and amends its buyback program
The Board of Eastnine AB (publ), previously East Capital Explorer, has decided to introduce a new set of financial targets and a new dividend policy, and to remove the current 20 percent discount hurdle in its buyback program, as it embarks on the announced transformation into a Baltic real estate company.As previously communicated, Eastnine is transforming from a diversified Eastern European investment company, into a Baltic real estate company. The transformation is expected to be finalised by the end of 2020. During the build-up phase, Eastnine will build a portfolio concentrated on A