East Capital Explorer continues its repurchase program on a renewed mandate
As announced on 7 April 2016, the Board of East Capital Explorer AB (publ) has resolved to initiate a share buyback program for as long as the Company’s shares trade at a discount of more than 20 percent to its most recently published NAV in Swedish krona. On 9 June 2016, the Board was given a renewed authorization by the Annual General Meeting to repurchase own shares and thereby intends to pursue buybacks accordingly. The company intends to repurchase shares as of 10 June 2016, within the frameworks described below. The purpose of the buyback program is to reduce the share capital of