2007-03-31 Novestra: Redemption of shares in Nove Capital
NOVESTRA: REDEMPTION OF SHARES IN NOVE CAPITAL
In accordance with what has previously been communicated, Novestra has called for a redemption of all shares held in Nove Capital Fund. The redemption will be in effect as of March 31, 2007, and the redeemed amount is expected to be paid out during mid April, 2007.
For further information please contact Johan Heijbel, Managing Director, AB Novestra, telephone no. +46 8 545 01750.
About AB Novestra
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Diino 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 Nordic Small Cap list of the Stockholm Stock Exchange. For further information regarding AB Novestra, reference is made to www.novestra.com