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.
NAXS Nordic Access Buyout Fund AB (publ) has resolved to repurchase own shares
The board of NAXS Nordic Access Buyout Fund AB (publ) has resolved, pursuant to the authorisation granted by the Annual General Meeting held on 1 June 2015, to repurchase own shares. Acquisition of shares may only take place at a price within the price interval, on any occasion, recorded on Nasdaq 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 130,448 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 and to improve the capital efficiency in the company.
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 NASDAQ Stockholm 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
