AXA - Prospectus approved
Oslo, June 2, 2016 - Reference is made to the stock exchange notice from Axactor AB (publ.) ("Axactor" or the "Company", ticker "AXA") dated 30 May 2016 regarding the increase of the share capital related to the private placement of 220,400,000 new shares (the "Private Placement Shares") with gross proceeds of NOK 374,680,000 (the "Private Placement").The Financial Supervisory Authority of Sweden approved a prospectus (the "Prospectus") with respect to the Private Placement on 2 June 2016. Following standard notification procedures between the Financial Supervisory Authority of Sweden and the Financial Supervisory Authority of Norway, the Prospectus will also constitutes a listing prospectus under Norwegian securities legislation. The Prospectus also covers the listing of the 220,400,000 Private Placement Shares and listing of the 49,033,589 consideration shares pending issuance to the sellers of IKAS (the "Consideration Shares") as announced on 7 April 2016 and 26 May 2016. The Company expects to issue and register the Consideration Shares shortly, and within June 2016.The Prospectus has been made public and may be obtained at the Company's web-site www.axactor.com/investor-relations.
For further information:
Geir Johansen, CFO & Investor Relations, +4747710451
About Axactor: Axactor is a newly established company in the market for credit management services. The company has a Nordic base and an ambitious pan-European growth strategy, which targets the market for non-performing loans in Europe. This market is estimated to about 1 500 billion euros, and Axactor's main focus is debt collection and purchase of NPL portfolios. As a first step in the pan-European growth strategy Axactor acquired the company ALD Abogados in December 2015. ALD Abogados is a leading debt collection company in Madrid with 120 employees, and has in addition a call center with 80 employees in Valladolid, Spain.