AB Novestra’s co-investment vehicle Continuum Group Ltd declares an extra dividend which provides Novestra with MSEK 20.1 in liquid assets. The dividend has a positive affect on the result of approximately MSEK 14 for Novestra. Consequently, Novestra expects that the previously indicated result for the full year 2004 of MSEK 35 – 40 will be exceeded.
As at March 31, 2004, Novestra’s total carrying value of Continuum amounted to MSEK 35.1 related to holdings in, among others, B2 Bredband AB, Bibit Global Payment Services B.V. and Speedera Networks, Inc.
“As previously mentioned, we have seen a continuously positive development and this also indeed applies to our holding in Continuum. We now estimate that it is likely that Continuum will declare additional dividend during 2004,” Novestra’s Managing Director, Peter Ekelund, says.
For further information please contact Peter Ekelund, Managing Director, AB Novestra, phone No. +46 8 545 017 50.
About AB Novestra
Novestra is an independent investment company with a portfolio of small cap private as well as public companies. Novestra focuses on investing in companies with substantial growth or value potential.
Novestra’s portfolio of companies consists of i.a. Explorica, Inc., IBS AB (publ), inWarehouse AB (publ), Lagercrantz Group (publ), MyPublisher, Inc., Netsurvey AB, Pergo (publ), Qbranch AB and Strax Holdings, Inc. as well as the co-investment vehicle Continuum Group Ltd.
The Novestra shares are listed on the O List of Stockholmsbörsen (the Stockholm Stock Exchange).
For further information regarding AB Novestra, please see www.novestra.com