NAXS agrees to make a SEK 8m cornerstone investmen

Stockholm, November 20, 2017

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 agrees to make a SEK 8m cornerstone investment in the IPO of Scout Gaming Group

NAXS has agreed to make a SEK 8,000,000 cornerstone investment in the initial public offering of Scout Gaming Group on NASDAQ First North.

Established in 2013, Scout Gaming Group offers online gaming operators comprehensive solutions for the launch and operation of Fantasy Sports and Daily Fantasy Sports. The company is Europe’s number one Daily Fantasy software provider.

The other cornerstone investors in the IPO of Scout Gaming Group are Handelsbanken Fonder, Knutsson Holding AB, Lars Wingefors AB, Novobis AB and Swedbank Robur Fonder.

The first day of trading is expected to be on or around December 6, 2017.  

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 8:30 CET on November 20, 2017.  

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

NAXS is an investment company listed on NASDAQ Stockholm. NAXS primarily invests in private equity funds with a Nordic focus, but may also make direct investments or co-investments alongside private equity or other alternative assets funds. In addition, NAXS may, to a limited extent, make other types of investments