Axactor AB - Publication of prospectus
Oslo, 21 September 2017 - Reference is made to the stock exchange notices from Axactor AB ("AXA" or the "Company") published 14 August 2017, regarding the successful completion of the private placement of 240 million new shares in the Company (the "Private Placement") and the entering into a co-investment partnership with Geveran.
The Swedish Financial Supervisory Authority has approved the prospectus of the Company dated 21 September 2017 (the "Prospectus"), for the listing of 164,400,000 Private Placement Tranche 2 Shares to be issued in connection with the Private Placement, each with a par value of EUR 0.0523.
The Prospectus can be obtained electronically by downloading it from www.axactor.com.
The share capital increase in connection with the Private Placement Tranche 2 Shares is expected to be registered in the Swedish Companies Registry on or about 26 September 2017. Shares allocated in Tranche 2 are not tradable until the share capital increase is registered and announced by a stock exchange notice. The Private Placement Tranche 2 Shares will be settled through a delivery versus payment transaction following the registration of the share capital increase in the Swedish Companies Registry.
DNB Markets acted as manager in the Private Placement.
For additional information, please contact:
Endre Rangnes, CEO Axactor
Mobile phone: +47 4822 1111
Geir Johansen, CFO & Investor Relations, Axactor Mobile phone: +47
Axactor Group specializes in both Debt Collection and Debt Purchasing across several countries, with operations in Italy, Germany, Norway, Sweden and Spain. The company has a Nordic base and an ambitious Pan-European growth strategy, which targets the market for non-performing loans (NPL) in Europe. This market is estimated to be about 1,500 billion euros across Europe providing significant opportunities for Axactor's future expansion. Axactor has approximately 888 employees.