NAXS AB has repurchased 6% of its own shares

Stockholm, May 22, 2018

PRESS RELEASE - NAXS AB (publ)

Not for release, publication or distribution, directly or indirectly, in or into the United States, Hong Kong, Canada, Japan or Australia, or any other jurisdiction in which the distribution or release would be unlawful.

NAXS AB has repurchased 6% of its own shares

NAXS AB ("NAXS”) has on May 21, 2018, repurchased a block of 840,000 of its own shares on Nasdaq Stockholm at a price of SEK 52.60/share for a total amount of SEK 44,184,000. The transaction represents 6% of the total number of shares.

The transaction falls within the scope of the share repurchase authorization granted by the 2017 Annual General Meeting, and the decision of the board of directors of June 1, 2017, in relation thereto.

As of the date of this press release, NAXS holds a total of 1,335,701 of its own shares, representing 9.5% of the total number of shares.

Contact information:

Lennart Svantesson, CEO

Telephone: +46 73 311 00 11

This information is information that NAXS AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on May 22, 2018.

This press release and further information is available on the Company’s website: www.naxs.se

NAXS 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

Attachment

• 180522 NAXS PR flagging ENG