East Capital Explorer (ECEX): New buyback mandate 17 May until 30 June 2017
As announced on 7 April 2016, the Board of East Capital Explorer AB (publ) has resolved to carry out a share buyback program if the Company’s shares trade at a discount of more than 20 percent to its most recently published NAV in SEK. On 15 May 2017, the Board was given a renewed authorization by the Annual General Meeting to repurchase own shares and thereby intends to pursue buybacks accordingly. The purpose of the buyback program is to reduce the share capital of East Capital Explorer. Execution is dependent upon market terms, applicable rules and regulations and the Company’s capital