contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


vef-initiates-a-new-share-buyback-program

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

VEF is an investment company. The company invests in emerging markets. The main investment focus is on companies operating in the Fintech industry, which includes technology companies in the financial sector. The investment portfolio mainly consists of companies in the early growth phase with products/services in consumer credit, payment solutions, money transfers, and insurance. The company was previously known as Vostok Emerging Finance and is headquartered in Stockholm.

VEF AB (publ) (“VEF” or the “Company”) has recently announced several portfolio exits and has significantly strengthened our liquidity position, with USD 45m* in cash and liquid positions. Following...

<div class="mfn-preamble"><p><strong>VEF AB (publ) (“VEF” or the “Company”) has recently announced several portfolio exits and has significantly strengthened our liquidity position, with USD 45m* in cash and liquid positions. Following the completion of these exits, VEF initiates a new share buyback program for up to 5% of shares outstanding.</strong></p></div><div class="mfn-body"><p>The Board of Directors of VEF has approved the initiation of a new share buyback program based on the mandate from the annual general meeting of the Company on May 14, 2024. The objective of this program is to provide the Company with the flexibility to enhance shareholder value by repurchasing shares at substantial discounts to NAV, where the potential internal rate of return (IRR) is highly attractive.</p><p>Dave Nangle, CEO of VEF comments:</p><p>“<em>VEF shares continue to trade at a deep discount to our NAV, a NAV we comfortably stand behind. To drive shareholder value, buying back our stock at current levels, is one of the best uses of any excess capital we have. We expect to continue to buy back our shares and pay down our debt with additional exits until our discount to NAV narrows materially.”</em></p><p>The new buyback mandate, is subject to the following terms:</p><ul><li>Share repurchases are to be made on Nasdaq Stockholm in accordance with Nasdaq Stockholm’s rules for issuers.</li><li>The Company may also buy back shares in block trades in accordance with applicable rules.</li><li>Share repurchases can be made on one or several occasions until the 2025 AGM of the Company.</li><li>VEF can buy up to 5% of outstanding shares in VEF.</li><li>Repurchases of shares are to be made at a per-share price within the registered interval for the going rate at any given time, which denotes the interval between the highest and lowest selling price.</li></ul><p>As of today, the Company holds no repurchased shares.</p><p><sup>*</sup><em><sup>Subject to settlement of funds and no material FX changes.</sup></em></p></div><div class="mfn-footer mfn-contacts mfn-697190337b3e"><hr><p><strong class="mfn-heading-1">For further information please contact:</strong><br>Cathal Carroll, Investor Relations: +46&nbsp;(0) 8-545 015 50</p></div><div class="mfn-footer mfn-about mfn-a8e9fa19b8b1"><hr><p><strong class="mfn-heading-1">About Us</strong><br><em>VEF AB&nbsp;(publ) is an investment company whose Common&nbsp;Shares are listed in Sweden.&nbsp;We&nbsp;invest in growth stage private fintech companies,&nbsp;take minority stakes and are active investors with board representation in our portfolio companies, always looking to back the best entrepreneurs in each market. We focus on scale emerging markets and invest across all areas of financial services inclusive of payments, credit, mobile money and wealth advisors. VEF trades in Sweden on Nasdaq Stockholm's Main Market under the ticker VEFAB. For more information on VEF, please visit </em><em><a rel="noopener" href="http://www.vef.vc">http://www.vef.vc</a></em><em>.</em></p></div><div class="mfn-footer mfn-attachment mfn-attachment-general"><hr><p><strong class="mfn-heading-1">Attachments</strong><br><a rel="noopener" href="https://storage.mfn.se/78e8f202-1f48-437d-9ebf-62a7f9cff018/vef-initiates-a-new-share-buyback-program.pdf" class="mfn-generated mfn-primary">VEF initiates a new share buyback program</a></p></div>