Stockholm, 9 May 2014
PRESS RELEASE
Report from the annual general meeting in NAXS Nordic Access Buyout Fund AB (publ) on 8 May 2014
On 8 May 2014 the annual general meeting of NAXS Nordic Access Buyout Fund AB (publ) resolved in accordance with the following
Adoption of the annual accounts etc.
• The annual general meeting adopted the income statements and balance sheets for the parent company and the group for the year 2013, and resolved that SEK 29,775,284, of the total SEK 577,501,662 at the annual general meeting’s disposal, shall be allocated as dividends to the shareholders, of SEK 2 per share, and that the remaining unrestricted equity, SEK 547,726,378, shall be carried forward.
• The annual general meeting resolved to discharge the board members and the managing director from liability.
Board of directors and auditors etc.
• The annual general meeting resolved, in accordance with the nomination committee’s proposal, that the number of board members shall be four (4) with no deputy board members and that the board shall be composed as follows: Tony Gardner-Hillman (re-election), Andrew Wignall (re-election), Ramanan Raghavendran (re-election) and John Chapman (re-election) John Chapman was re-elected as chairman of the board.
• It was further resolved, in accordance with the nomination committee’s proposal, that the compensation to the chairman of the board of directors shall amount to SEK 225,000. The compensation to each other board member who does not draw any salary from the company shall amount to SEK 150,000. The auditor fees shall be paid in accordance with an approved invoice.
- The annual general meeting resolved, in accordance with the board of director’s proposal, to re-elect Ernst & Young Aktiebolag as auditor for the period until the end of the next annual general meeting.
Principles for appointment of the nomination committee for the 2015 annual general meeting
• The annual general meeting resolved, in accordance with the nomination committee’s proposal, to adopt principles for the appointment of the nomination committee for the 2015 annual general meeting. The complete principles are available at the company’s webpage www.naxs.se.
Guidelines for remuneration to senior managers
• The annual general meeting resolved, in accordance with the board of directors’ proposal, to adopt remuneration guidelines for the senior management. The complete guidelines are available at the company’s webpage www.naxs.se.
Authorisation to acquire the company’s own shares
• The annual general meeting resolved, in accordance with the board of directors’ proposal, to authorise the board of directors to acquire the company’s own shares. The complete proposal is available at the company’s webpage www.naxs.se.
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.
