Stockholm, May 9, 2014
N.B. The English text is an in-house translation. In the event of any discrepancies between the text in this document and the Swedish document, the latter shall prevail.
PRESS RELEASE
The board of NAXS Nordic Access Buyout Fund AB (publ) has resolved, pursuant to the authorisation granted by the Annual General Meeting held on 8 May 2014, to repurchase own shares. Acquisition of shares may only take place at a price within the price interval, on any occasion, recorded on NASDAQ OMX Stockholm, which refers to the interval between the highest buying price and the lowest selling price.
As of the date of this press release, the company holds 120.265 own shares and the number of outstanding shares in the company is 15.000.000. In the event of a fully executed share repurchase program, the company will own shares representing no more than ten (10) per cent of the issued shares in the company.
Share repurchases shall be executed in intervals until the next Annual General Meeting, and are subject to market conditions and regulations at any given time.
The purpose of the share repurchase is to provide flexibility in relation to the company’s possibilities to return capital to its shareholders, to improve the capital efficiency in the company, and to prevent an excessively wide NAV/share price discount in relation to the company’s shares, which altogether is deemed to be susceptible to have a positive impact on the company’s share price and thereby contribute to an increased shareholder value.
Contact information
Lennart Svantesson, CEO
Telefon: +46 733-110 011
This notice and further information is available on the Company’s website: www.naxs.se
NAXS Nordic Access Buyout Fund AB discloses the information provided herein pursuant to the Swedish Securities Markets Act.
This press release was submitted for publication at 08:00 CET on May 9, 2014.
NAXS Nordic Access Buyout Fund AB (publ), Reg. No. 556712-2972
Grev Turegatan 10, 114 46 Stockholm
Telephone: + 46 (0)8-611 33 25, E-mail: info@naxs.se
www.naxs.se
NAXS operates as a private equity fund-of-funds with investments in buyout funds with a Nordic focus. The objective is to make the Nordic private equity market accessible for a broader circle of investors, while offering liquidity through the listing of the Company's shares on the NASDAQ OMX Stockholm Exchange.
