NAXS AB (publ) has resolved to repurchase own shares

The board of NAXS AB (publ) has resolved, pursuant to the authorisation granted by the Annual General Meeting held on 5 June 2018, 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 843,940 own shares and the number of outstanding shares in the company is 13,574,770. 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

Telephone: +46 73 311 00 11

This is the type of information that NAXS AB (publ) is required to disclose pursuant to the Financial Instruments Trading Act. The information was submitted for publication on July 12, 2018 at 08:30 a.m. (CET).

This press release and further information is available on the Company’s website:

NAXS AB (publ)

Corp. Reg. No. 556712-2972

Grev Turegatan 10

114 46 Stockholm, Sweden

Tel: , E-mail:

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