Stockholm, June 2, 2015
PRESS RELEASE - NAXS Nordic Access Buyout Fund AB (publ)
This announcement is not an offer of securities for sale in the United States nor in any other country, and securities may not be offered or sold in the United States absent registration or an exemption from registration under U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Nor does it constitute or form part of, and may not be used for the purposes of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities by any person in any jurisdiction, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment to do so, in which (i) such offer or invitation is not authorised; or (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) to any person to whom it is unlawful to make such offer or invitation.
On 1 June 2015 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 2014, and resolved that SEK 34,199,970, of the total SEK 605,706,429 at the annual general meeting’s disposal, shall be allocated as dividends to the shareholders, of SEK 2.30 per share, and that the remaining unrestricted equity, SEK 571,506,459, 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 2016 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 2016 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
Telephone: +46 73 311 00 11
This press release 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 08:30 CET on June 2, 2015.
NAXS Nordic Access Buyout Fund AB (publ)
Corp. Reg. No. 556712-2972
Grev Turegatan 10
114 46 Stockholm, Sweden
Tel: +46 8 611 33 25, E-mail: info@naxs.se
NAXS is an investment company listed on the NASDAQ OMX Stockholm exchange and focusing on investments in Nordic buyout funds. The objective is to make the Nordic private equity market accessible for a broader public while offering liquidity through the Company's market-introduced shares.
