The 2017 Annual General Meeting resolved that no dividend would paid for FY 2016 in view of the fact that SEK 38m (SEK 2.57/share) had been distributed through shares repurchases during Q1 2017.

Fourth quarter 2017
• Net profit/loss for the quarter amounted to MSEK -2.7 (38.9).

• Earnings per share amounted to SEK -0.20 (2.62). Distribution of profits

The Board of Directors intends to make the level of the dividend to be proposed for the fiscal year 2017 dependent on the amount that may be distributed under the form of
share repurchases during the first quarter of 2018.
The Board of Directors proposes a dividend of maximum SEK 2,75/share for the fiscal year 2017, corresponding to SEK 37,502,814.25 at December 31, 2017. The actual level of the dividend will be set as the difference between SEK 37,502,814.25 and the amount that has been distributed under the form of share repurchases during the period between January 1 and March 31, 2018. The Board of Directors will announce the level of the proposed dividend ahead of the publication of the notice of the 2018 Annual General Meeting

In addition, the Board of Directors proposes to the Annual General Meeting to vote on a continued share repurchase mandate.

Comments by the CEO

NAXS continued to make progress in 2017, with the net asset value per share increasing by 6.2%. During the year, NAXS's underlying private equity funds made 4 new acquisitions, 10 full exits and 5 partial exits through initial public offerings.

2017 was also the year during which NAXS started to implement its revised investment policy, making 3 new investments: a commitment to the special situations manager Mimir Invest, an investment in the initial public offering of helmet safety solutions provider MIPS, as well as a cornerstone investment in the initial public offering of fantasy software

provider Scout Gaming Group.
NAXS actively repurchased shares throughout 2017, acquiring 1,210,915 shares, representing 8% of the total outstanding number of shares.
NAXS maintains a robust balance sheet, with a high proportion of cash, which the company will continue to selectively seek to deploy.
Lennart Svantesson

NAXS AB published this content on 30 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 January 2018 07:39:01 UTC.

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