NAXS AB (OM:NAXS) commences an Equity Buyback for 1,115,259 shares, representing 10% of its issued share capital, under the authorization approved on March 30, 2022.
May 03, 2022
Share
NAXS AB (publ) (OM:NAXS) commences share repurchases on May 4, 2022, under the program mandated by the shareholders in the Annual General Meeting held on March 30, 2022. As per the mandate, the company is authorized to repurchase up to 1,115,259 shares, representing 10% of its issued share capital. The company is authorized to repurchase shares in such a manner that the company's holdings in treasury does not exceed 10% of the company's total share capital. The shares will be purchased at a price within the highest buying price and the lowest selling price, on any occasion, recorded on the stock exchange. The purpose of the authorization 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, to prevent an excessively wide net asset value per 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. The share repurchase program is valid until the next Annual General Meeting in 2023. As of February 25, 2022, the company had 11,152,585 issued and outstanding shares and had 0 shares in treasury.
On April 26, 2022, the company announces a share repurchase program. Under the program, the company will repurchase its own shares.
NAXS AB (publ) is a Sweden-based investment company. It primarily invests in a private equity funds in Northern Europe, as well as directly invests or makes co-investments alongside private equity or other alternative assets funds. The Company has focus on such sectors as healthcare, consumer goods and services, industry, information technology and telecommunication, building and construction, media, financial and business services. Its portfolio consists of nine funds, namely Apax Europe VII, FSN Capital III, Herkules Private Equity Fund III, Intera Fund I, Intera Fund II, Mimir Invest AB, Nordic Capital Fund VII, Valedo Partners Fund I, Valedo Partners Fund II. The Company is majority-owned by Tompkins Square Park S.a.r.l.
NAXS AB (OM: NAXS) commences an Equity Buyback for 1,115,259 shares, representing 10% of its issued share capital, under the authorization approved on March 30, 2022.
NAXS AB 
