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 30 March 2022, 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 do not hold any own shares
and the number of outstanding shares in the company is 11,152,585. 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

Share repurchases shall be executed in intervals until the next Annual General
Meeting, and are subject to market conditions and regulations at any given

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
Phone: +46 73 311 00 11