Substantial value improvement within Nove Capital for Q4 and full year 2005
Press Release January 23, 2006
The value improvement on Novestras shares in Nove Capital Fund during Q4 amounted to MSEK 38.1, representing a return of approximately 15 % for Q4 2005.
Since inception in May 2005 (8 months) the value of Novestras investment in Nove Capital Fund has increased by MSEK 107.3, representing a return of approximately 57 % as per December 31, 2005.
For further information please contact Johan Heijbel, CFO, AB Novestra, phone No. +46 8 545 017 50.
About AB Novestra
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Bytek Systems AB, Explorica, Inc., MyPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Holdings, Inc.
In addition, Novestra has an investment in Nove Capital Fund, that primarily invests in public companies which are considered to have a value potential because of special situations such as reconstructions, turnarounds or for other reasons offer a significant upside potential and therefore an interesting risk/reward.
The Novestra shares are listed on the O List, Attract 40, of the Stockholm Stock Exchange. For further information regarding AB Novestra, reference is made to www.novestra.com.