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Gjeldsinnkrevingsselskapet Axactor
Kjell T. Ringen
13.12.2016 20:46
#13203

Kan bekrefte fra VPS-melding at jeg også har fått omlag 71.5% "overtildeling".

Jeg må si jeg er veldig overrasket over at det ble så stor tildeling. Hadde forventet maks 10% ekstra.
OldNick
14.12.2016 19:07
#18615

re. KTR,

Fikk samme utteling når jeg sjekket VPS.
______

Ellers ser det ut til at Axactor svarer på utfordringen din (over, se KTR #13201), de skaffer seg sin første portefølge i Norge.

Og slik de har utformet meldingen, indikeres de at vi kan forvente flere.

AXA: Axactor enters 1st agreement to acquire unsecured Non Performing Loan (NPL) portfolio in Norway

Børsmelding
14.12.2016

Oslo - Axactor has entered an agreement to acquire portfolios on a monthly basis from a large Nordic Financial Institution. The portfolios will contain freshly terminated B2C cases, allowing Axactor to manage the cases throughout the whole collection process.

The portfolio transaction provides Axactor with a solid entry to the Norwegian market and results from several key discussions currently ongoing. The transaction will be important to move the business into the hybrid model which is core to Axactor's strategy and further build on this with other portfolios in 2017.

"This portfolio not only increases our geographical profile in portfolio acquisitions, but it also demonstrates our ability to enter markets commonly perceived as closed to new players. Using Axactor's focus on data and analysis, we expect this to be one of many acquisitions over the coming years", says Endre Rangnes, Axactor CEO.

"Axactor will now own portfolios in all existing markets, showing strong commitment by the team to achieve this within the first year of trading as a receivable management business", says Robin Knowles, Axactor EVP Portfolio.

The acquisition will be financed by Axactor's available cash and our existing credit facilities.

For further information, please contact:
Endre Rangnes, CEO, Mail: endre.rangnes@axactor.com, Tel: + 46 8 402 2800, Cell: +47 4822 1111
Geir Johansen, CFO, Mail: geir.johansen@axactor.com, Cell: +47 4771 0451

Endret 14.12.2016 19:07 av OldNick
OldNick
15.12.2016 17:45
#18624

Igjen, må berømme KTR for hans "klarsynthet".

Ny låneportefølge i Spania, betydelig beløp, det hjalp til å løfte AXA-kursen tilbake til gårsdagens idet den var i ferd med å falle av (sammen med resten av børsen).

AXA: Axactor acquires the 6th unsecured Non Performing Loan (NPL) portfolio in Spain

Børsmelding
15.12.2016

Oslo - Axactor has acquired another unsecured NPL portfolio originally generated by Unicaja Banco and España Duero, two large Spanish Banks. The portfolio includes unsecured loans with a total Outstanding Balance (OB) of approximately EUR 450 million, with close to one hundred thousand open accounts of individuals and SMEs.

The portfolio transaction is another primary market purchase as well as representing the company's largest portfolio investment to date, securing a significant increase to the existing cash collection generated on Axactor's owned portfolios.

"This is our 6th portfolio in Spain and with the existing paying book providing strong revenue growth as we move forward into 2017. This Portfolio also confirms Axactor's commitment to making Spain a key market within the Group.", says Endre Rangnes, Axactor CEO.

"The portfolio demonstrates Axactor's ability to close key portfolio purchases, we expect many more to follow across the group in 2017.", says Robin Knowles, Axactor EVP Portfolio.

The investments will be financed by Axactor's available cash and our existing credit facilities.

For further information, please contact:
Endre Rangnes, CEO, Mail: endre.rangnes@axactor.com, Tel: + 46 8 402 2800, Cell: +47 4822 1111
Geir Johansen, CFO, Mail: geir.johansen@axactor.com, Cell: +47 4771 0451
Kjell T. Ringen
15.12.2016 17:56
#13209

Ja, jeg traff bra med forventningene mine til kjøp av porteføljer før nyttår. Men må si jeg er skuffet over reaksjonen i markedet. Jalla går på jalla-meldinger, men kvalitet går ikke på kvalitets-meldinger.
Kjell T. Ringen
21.12.2016 07:41
#13218

Styreleder Greve har solgt 10.6 mill aksjer! Så nå går det vel kraftig utforbakke. Men mannen må jo kjøpe julegaver!
Savepig
21.12.2016 08:47
#222

Ja det er nok skralt med kontanter der i gården. :p
OldNick
21.12.2016 15:55
#18649

Det er noe "dritt" når selskaper har såvidt kortsiktige (les: "illojale") ledere og medlemmer av selskaps-styrene.

Det bør egentlig føre til en prisings-rabatt.

Vi ser jo dette nå i flere av de selskapene som Spetalen og Spetalen-sfæren er betydelige. Einar Greve er (eller var?) Spetalens advokat?

Vi så det også i NEL ASA, der Spetalen-medarbeider Martin Nes var (og er) styreformann. I vår (6 Apr.) solgte han hele beholdningen av NEL-aksjer (via Hanekamb Invest AS) til 3.53. En drøy måned etterpå lanserte Spetalen salg av storedeler av sin post, og dette dannet inngangen til den nedgangen den aksjen har vært i siden.

Folk kan sikkert grave opp et dusinvis andre eksempler av dette.

Den riktige fremgangsmåten burde være at styremedlemmene frasier seg posisjonen (evt. gjenvalg), går ut og deretter evt. selger seg ned/ut.

Vil tro det er mange, mange aksjonærer som er ganske forbannet pga. dette.
______

AXA: - Notification of trade

Børsmelding
21.12.2016

Cipriano AS, a company controlled by chairman of the board of Axactor AB Einar J. Greve, has sold 10.600.084 shares in Axactor AB at an average price
NOK 2,6955 per share. After this transaction, Cipriano AS holds 5.000.000 shares in Axactor AB.
______

Ser ut som om andre aksjonærer nå tar affære overfor denne "grisete" (illojale) opptreden av styreformann Greve.

AXA: Krav om ekstraordinær generalforsamlingen i Axactor - styrevalg

Børsmelding
21.12.2016

Aksjeeiere som representerer mer enn 10 % av aksjene i Axactor AB har under henvisning til kapittel 7, § 13 i den svenske aktiebolagslagen bedt om at styret innkaller til ekstraordinær generalforsamling for valg av nytt styre.
______

Rangnes: Naturlig med et bredere styre

Axactor er i fokus etter flere meldinger fra selskapet


Are Strandli, Hegnar.no
21.12.2016

Onsdag morgen kom det først en melding fra Axactor om at styreleder Einar Greve, gjennom selskapet sitt Cipriano AS, hadde solgt 10.600.084 Axactor-aksjer, tilsvarende rundt to tredjedeler av den opprinnelige aksjebeholdningen sin.

Litt senere kom det en ny melding fra Axactor der det fremkommer at aksjeeiere som representerer mer enn 10 prosent av aksjene i Axactor AB har bedt styret innkalle til ekstraordinær generalforsamling.

Årsaken er at de vil ha et nytt styre.

Konsernsjef i Axactor, Endre Rangnes mener ifølge TDN Finans at det er naturlig med en bredere styresammensetning i selskapets nåværende fase der de posisjonerer seg for ytterligere vekst.

De signalene jeg har fått fra aksjonærene er at man ønsker en litt annen sammensetning i styret fremover, basert på de vekstambisjonene selskapet har, samt størrelsen og kompleksiteten til selskapet etter den kraftige veksten det seneste året, sier han til nyhetsbyrået og fortsetter:

Det er jo opp til valgkomité og generalforsamling, men jeg ser det som naturlig å ha et bredere styre.

Overfor Dagens Næringsliv understreker han at han ikke vet hvem de aktuelle aksjeeierne er.

Det nåværende styret i Axactor er ledet av Greve, og foruten han så består det av styremedlemmene Gunnar Hvammen og Per Dalemo.

Aksjen reagerte negativt på nyheten, men ved lunsjtider er den opp 3,07 prosent til 2,69 kroner på høyt volum.

Endret 21.12.2016 16:12 av OldNick
OldNick
21.12.2016 15:56
#18650

Oppdatert aksjonærliste (20 største), oppdatret pr. 19.12.2016

Investor, Number of shares, % of top 20, % of total, Type, Country
TVENGE, TORSTEIN INGVALD 52 500 000, 9.84%, 4.46%, Priv., NOR
MOHN, STEIN 45 519 193, 8.53%, 3.87%; Priv., NOR
SOLAN CAPITAL AS 36 000 000, 6.75%, 3.06%, Comp., NOR
VERDIPAPIRFONDET ALFRED BERG GAMBA 35 553 765, 6.67%, 3.02%, Comp., NOR
FERD AS 34 000 000, 6.37%, 2.89%, Comp., NOR
VERDIPAPIRFONDET HANDELSBANKEN 30 651 801, 5.75%, 2.61%, Comp., NOR
SPENCER TRADING INC 28 850 000, 5.41%, 2.45%, Comp., NOR
ARCTIC FUNDS PLC 28 237 195, 5.29%, 2.40%, Comp., IRL
VERDIPAPIRFONDET ALFRED BERG NORGE 27 995 293, 5.25%, 2.38%, Comp., NOR
STATOIL PENSJON 23 124 142, 4.34%, 1.97%, Comp., NOR
VERDIPAPIRFONDET DNB NORGE (IV) 23 099 380, 4.33%, 1.96%, Comp., NOR
LOPEZ SANCHEZ ANDRES 22 902 500, 4.29%, 1.95%, Priv., ESP
MARTIN IBEAS DAVID 22 902 500, 4.29%, 1.95%, Priv., ESP
NOMURA INTERNATIONAL PLC 20 485 000, 3.84%, 1.74%, Nom., GBR
GVEPSEBORG AS 20 364 945, 3.82%, 1.73%, Comp., NOR
VERDIPAPIRFONDET DNB SMB 18 788 766, 3.52%, 1.60%, Comp., NOR
NORRON SICAV - TARGET 17 000 000, 3.19%, 1.45%, Comp., LUX
ALPETTE AS 15 338 244, 2.88%, 1.30%, Comp., NOR
DNB LIVSFORSIKRING ASA 15 179 256, 2.85%, 1.29%, Comp., NOR
DNB NOR MARKETS, AKSJEHAND/ANALYSE 14 892 950, 2.79%, 1.27%, Comp., NOR

Total number owned by top 20: 533 384 930, 100%, 45.35%

Total number of shares: 1 176 273 658, 100%
OldNick
23.12.2016 13:22
#18666

Man kan lure på om denne meldingen var lekket på forhånd, fordi AXA-aksjen begynte stigningen i dag formiddag ca. 1 time før meldingen kom ut på newsweb.no, og steg ingenting etterpå.


AXA: Axactor acquires small unsecured portfolio from Caja Rural del Sur in Spain

Børsmelding
23.12.2016

Oslo - Axactor has acquired another unsecured NPL portfolio generated by Caja Rural del Sur. The portfolio includes unsecured loans with a total Outstanding Balance (OB) of approximately EUR 55 million, across 2.000 claims.

The portfolio transaction although small provides clear evidence of Axactor's ability to develop relationships with clients who have not actively sold in the past.

"The Spanish team are pleased to close another Prime transaction in 2016 and are looking forward to close more opportunities in 2017", says Andres Lopez (Head of capital Spain).

"The local team have demonstrated their strong focus on developing our product offering in Spain across a wider audience and we expect this to be one of many transactions over the next few years", says Robin Knowles, Axactor EVP Portfolio.

The investment will be financed by Axactor's available cash and our existing credit facilities.

For further information, please contact:
Endre Rangnes , DEO, Mail: endre.rangnes@axactor.com, Tel: +46 8 402 2800, Cell: +47 4822 1111
Geir Johansen, CFO, Mail: geir.johansen@axactor.com, Cell: +47 4771 0451

Endret 23.12.2016 13:23 av OldNick
OldNick
23.12.2016 17:49
#18671

AXA melder at betaling og registrering av nye aksjer fra rep.emisjonen er i rute.

Aksjene kan forventes å være på konto ca. 28.12.2016.

Det vil da være 1 226 488 769 aksjer i selskapet.

Personlig kan jeg si at jeg ikke har sett trekk av beløpet for betaling av de aksjer jeg fikk tildelt pr. dato, og det ble skrevet at det skulle skje ca. 16 des. Men, de trekkes vel rett over helgen.


AXA: AXA - Increase in share capital related to the subsequent offering

Børsmelding
23.12.2016

Oslo - Reference is made to the stock exchange release from Axactor AB (the "Company") published 13 December 2016 regarding allocation and issuance of 50 000 000 new shares (the "Offer Shares") in the subsequent offering at NOK 2.60 per Offer Share raising gross proceeds of NOK 130 000 000 (the "Subsequent Offering").

The Company has received confirmation that the share capital increase of SEK 25 000 000 divided into 50 000 000 new shares has been registered by the Swedish Companies Registry. The new registered share capital of the Company is consequently SEK 613 244 384.50 divided into shares, each with a par value of SEK 0.50.

Delivery of the Offer Shares to investors' accounts in the Norwegian Central Securities Depository (VPS) is expected to take place on or about 28 December 2016. Trading in the Offer Shares on the Oslo Stock Exchange is expected to commence on or about 28 December 2016 under the trading symbol "AXA".

For further information, please contact:
Endre Rangnes, CEO, Mail: endre.rangnes@axactor.com, Cell: +47 4822 1111
Geir Johansen, CFO, Mail: geir.johansen@axactor.com, Cell: +47 4771 0451
Kjell T. Ringen
23.12.2016 21:02
#13220

OldNick

mine penger ble trukket for en ukes tid siden - så da er jeg redd det betyr at du ikke får aksjer.
OldNick
11.01.2017 10:21
#18704

re. KTR,

fikk mine aksjer, ja. På dagen.
______

Som referert tidligere (se f.eks. OldNick #18649 tidligere i topic), så er det kommet krav fra noen aksjonærer om EOG for å velge nytt styre i Axactor.

Nå er det kommet forslag på styremedlemmer fra de selvsamme aksjonærene.

AXA: Requesting shareholders' proposal for new board of directors - Extraordinary general meeting on 20 Jan. 2017 at 11:00 cet in Stockholm

Børsmelding
06.01.2017

With reference to the notice of EGM announced on 23.12.2016, the Requesting Shareholders' have notified that their proposal for agenda items 7 and 8 are as follows:

Item 7, Determination of the number of directors and deputy directors
Requesting Shareholders propose that the Board of Directors until the end of the next AGM shall be composed of five members and no deputies to be appointed.

Item 8, Election of Directors
Requesting Shareholders propose that current Board members are removed and that the Extraordinary General Meeting elect the following five directors, who have confirmed their willingness to be elected.

- Bjørn Erik Næss, Chairman of the Board
- Brita Eilertsen, Board member
- Dag W. R. Strømme, Board Member
- Merete Haugli, Board member
- Michael Hylander, Board member

I tillegg følger en del beskrivelse av erfaringen og kompetansen til de ulike personene listet over.
______

Senere har det kommet følgende justeringer i styreforslaget (fra de selvsamme aksjonærene).

AXA: Proposal from certain shareholders after consultation with the Nomination Committee to the Extraordinary General Meeting in Axactor AB to be held on 20 January 2017

Børsmelding
11.01.2017

On 23 December 2016, Axactor AB announced that upon request from certain shareholders (the "Requesting Shareholders"), an extraordinary general meeting is to be held on 20 January 2017, with the agenda to replace the current board of directors and nomination committee and to elect new a board of directors and to elect a new nomination committee.

The Requesting Shareholders and the Nomination Committee, which consists of Gunnar Hvammen (leader) and Magnus Tvenge, has since the announcement on 23 December 2016 of the Extraordinary General Meeting, held meetings and discussions regarding potential new members of the board bearing in mind that Axactor AB is going from a start-up company into a new phase, requiring a different structure and involvement from the board of directors.

The Requesting Shareholders have after consultation with the Nomination Committee, come up with the following proposal for a new Board of Directors to be elected at the Extraordinary General Meeting on 20 January 2017.

- Bjørn Erik Næss (Chairman of the Board from March 1,2017)
- Beate Skjerven Nygårdshaug
- Brita Eilertsen
- Merethe Haugli
- Terje Mjøs
- Dag Strømme (temporary Chairman until March 1,2017)

- Michael Hylander (deputy board member)


Due to Bjørn Erik Næss' current employment with DNB ASA, the Requesting Shareholders and the Nomination Committee in consensus propose that Bjørn Erik will chair the board from 1 March 2017 and that Mr. Dag Strømme acts as chairman of the board in the period from the Extraordinary General Meeting until 1 March 2017.

Further, it is proposed that the following new Nomination Committee is elected at the Extraordinary General Meeting on 20 January 2017:

- Jarle Sjo Chairman of the Nomination Committee
- Magnus Tvenge as re-elected Member of Nomination Committee
- Female Norwegian lawyer age 35. Awaiting formal approval of proposed engagement with employer, disclosed and proposed at Extraordinary General Meeting.


Further information:
Gunnar Hvammen, +47 9089 9999
Magnus Tvenge, + 47 9704 4220
OldNick
25.01.2017 12:35
#18770

Resultat fra styrevalget i EOG

AXA: Summary of the Extraordinary General Meeting in Axactor AB (publ) conducted today

Børsmelding
20.01.2017

The Extraordinary General Meeting in Axactor AB (publ) ("Axactor" or the "Company") was held in Stockholm today (the "EGM").

On the agenda was election of new Board of Directors and a new Nomination Committee.

The EGM elected, in accordance with the amended proposal from requesting shareholders, as announced on 10.01.17, the following persons as new Board of Directors:

Bjørn Erik Næss (Chairman of the Board from 01.03.17)
Dag Strømme (acting Chairman until 01.03.17)
Merete Haugli
Brita Eilertsen
Beate Skjerven Nygårdshaug
Terje Mjøs

Michael Hylander (deputy board member)

Due to Bjørn Erik Næss' current employment with DNB ASA up to 1 March 2017, Mr. Næss will be participating in board meetings as of 1 March 2017.

The EGM elected the following persons as new Nomination Committee:

Jarle Sjo, Chairman of the Nomination Committee
Magnus Tvenge
Cathrine Lofterød Fegth

The two first mentioned members of Nomination Committee are pursuant to the proposal in the notice of EGM dated 23.01.17 and Cathrine Lofterød Fegth replaces the third proposed member.

All resolutions were unanimously resolved by the EGM.

At the EGM a total of 395 702 319 shares were present directly or through proxies, corresponding to 32.26 % of the Company's 1 226 488 769 outstanding ordinary shares at the record date.

For further information:
Endre Rangnes, CEO, tel: +47 4822 1111
Geir Johansen, CFO & IR, tel: +47 4771 0451
______

AXA: Flaggemelding Axactor AB

Børsmelding
23.01.2017

Fond forvaltet av Storebrand Asset Management AS har 23.januar 2017 kjøpt 2 177 878 aksjer i Axactor AB. Etter kjøpet eier fondene 62 405 775 aksjer i selskapet, tilsvarende 5,09 % av den registrerte aksjekapitalen.
______

Axactor v/E.Rangnes hadde investor-presentasjon hos DNB Markets Web-TV idag (16 min).

Axactor Investorpresentasjon

DNB Markets Web-TV
25.01.2017


Endret 25.01.2017 12:55 av OldNick
OldNick
20.02.2017 11:03
#18839

AXA: Axactor increases existing loan facility

Børsmelding
06.02.2017

Oslo - On February 3, 2017 the 3rd tranche under the EUR 100 million Recurring Credit Facility which Axactor has with DNB Bank ASA and Nordea Bank AS was made available to the company, thereby increasing the available amount under the facility from EUR 50 million to EUR 75 million. After this event, an additional EUR 25 million is remaining under the facility.

For additional information, please contact:
Geir Johansen, CFO & IR, Axactor , Mob: +47 4771 0451, geir.johansen@axactor.com www.axactor.com
______

DNB har 12m kursmål på NOK 5.


Axactor: A quarter of preparations
Recommendation: BUY
Price target: NOK5

We expect the Q4 results (due at 7:30 CET on 28 February) to show a significant impact of the start-up phase that Axactor is in, and estimate EBITDA of SEK-4m. We expect investor focus to be on any forward-looking statements rather than the reported Q4 results, as we believe the uncertain timing of revenue streams from purchased entities and one-off costs will not make the figures a reliable proxy for estimating future profits.

Axactor's investments in Q4 were in line with our estimate (~EUR30m); thus we have made negligible estimate changes ahead of the results, and reiterate our BUY recommendation with a NOK5 target price.

Mvh
DNB Markets
Ypsilon
27.02.2017 11:15
#3890

Da fant jeg tråden, men skal klokelig holde meg langt unna.
renud
27.02.2017 11:52
#14887

Ypsilon
Ikke bry deg om at du fikk litt kjeft av OldNick ;)

Han er litt gretten en gang i blant, men er sikkert god på bunnen og bidrar med mye god dybdeinformasjon, som gir gode inputs til å ta riktige avgjørelser.
Ypsilon
27.02.2017 11:59
#3892

renud

Skal ta det til etterretning. Viktig å ha de med solid erfaring og tyngde med i slike forum, - faktisk derfor jeg har meldt meg inn igjen, - for å lære.
Synes forøvrig da at tråder bør startes med nicket, og ikke noe annet. Lettere å fange opp trådene da.
OldNick
27.02.2017 12:49
#18871

Ypsilon,

Alle her er velkomne til å skrive.
Det skrives faktisk for lite her, for få bidragsytere.

Mine kommentarer var ikke vondt ment.

I søkefeltet, så er det som oftest greiest å søke på stikkord, og legge inn selskapstickeren.

For de fleste selskaps-trådene som opprettes så legger folk inn ticker som stikkord i Pit'en, eller for tilsvarende selskapstråder for unoterte eller utenlandske selskaper.
Ypsilon
27.02.2017 14:15
#3893

OldNick

Takker. Synes søkefunksjonene på ST ikke er så intuitive som de burde være og gikk derfor 5 på. Som belegg for dette vil jeg påstå at jeg kan litt data, da jeg mer eller mindre daglig har befattet meg det siden C64 dagene.
wrangler
27.02.2017 21:58
#977

Og i morgen er det 2016 resultater.
Synd de ikke fulgte opp den gamle stilen fra IGE- og NMG-tiden med direkteoverført TV fra presentasjonen. Har i hvert fall ikke ett noe som tyder på at det kommer.

SS 5
28.02.2017 08:17
#230

Spent på hva vi får presentert i dag....magefølelsen er vel et misfornøyd marked og gode kjøpsmuligheter de første par timene.Ned mot 2,30 bør det være før jeg synes det er interessant å handle.

Endret 28.02.2017 08:18 av SS 5
Ypsilon
28.02.2017 08:26
#3897

SS5

Tipper at du kan bli skuffet, men håper du får noen billige aksjer.
SS 5
28.02.2017 08:37
#231

Solgte meg ut på 3.13,synes nok ikke AXA forsvarer sånne priser ennå(2018 kanskje)Tror på et fall og kjøpsanledning fra morgenen i dag...vi får se :-)
OldNick
28.02.2017 09:01
#18876

AXA: Q4-2016 report from Axactor AB

Børsmelding
28.02.2017

Enclosed is the consolidated Q4 Financial Report for Axactor AB.

For additional information, please contact:
Geir Johansen, CFO & IR, Axactor, Mob: +47 4771 0451, Email: geir.johansen@axactor.com

AXA: Q4-2016 Report (PDF)

AXA: Q4-2016 Presentation (PDF)

Endret 28.02.2017 09:05 av OldNick
OldNick
28.02.2017 11:03
#18878

Så ikke dette i farten da jeg la inn forrige resultat-melding.

Axactor gjør et lite oppkjøp i Sverige av Profact AB, relativt ubetydelig men kan bli et nytt, godt marked for Axactor, som jo er registrert i Sverige.

De inngår også en kontrakt om software-leie fra selgende selskap Aptic AB.

Dette hindrer dog ikke en kursnedgang idag fra kortsiktige som forventet mer.

AXA: Axactor enters the Swedish market through the acquisition of Profact AB

Børsmelding
28.02.2017

Oslo - Axactor AB (publ.) ("Axactor") acquires Profact AB from Aptic AB. Profact offering credit management services and customer services in the Swedish market. The company will serve as a stepping stone for implementing the full collection value chain in Sweden and hence play an important role in Axactor's Nordic roll-out plan.

Located in Gothenburg, Profact has built solid foundations for further growth within the debt collection and debt purchase market in Sweden. The company has approximately 35 FTEs and has delivered strong growth particularly in the Customer Service area over the last few years. The 2016 revenues were approximately 2 mEUR with a moderate margin. The company was established in 2008 by the CEO Fredrik Kessler who has 24 years' experience in collection industry.

Axactor continues to establish a "Nordic value proposition". Through the acquisition of Profact, Axactor now has immediate access to the Swedish debt collection market. The company has a strong competence within the industry, particularly in the debt surveillance area, with Profact holding the necessary collection licence to collect on behalf of third party customers. Axactor, will as part of the transaction, sign a long term licence agreement with Aptic for the use of the Aptic core collection system in Sweden.

"We clearly see customers requesting Pan Nordic value propositions in the 3PC business and portfolio sales area. In addition, Sweden represents an attractive market in its own right due to favourable regulatory framework and the possibilities to perform automated and efficient collections. With a market size approximately double that of the Norwegian market and a regular flow of NPL portfolio sales, Axactor is ready to make a solid footprint in the Swedish market. Furthermore, the acquisition will give additional geographical diversification to the company" says Endre Rangnes, CEO of Axactor.

Fredrik Kessler, CEO at Profact, said: "Axactor and Profact will be a very good match in the Swedish market. Combining Profact's experience of the Swedish credit management industry, with Axactor's Organisational and Financial support, the company will offer comprehensive debt collection solutions in Sweden".

Axactor will pay EURO 1.25 mill. for 100% of the shares in Profact AB. Closing of the transaction is expected to be 28 February 2017, and the acquisition will be financed using the existing credit facility with DNB/Nordea and available cash.

Contacts:
IR Axactor Geir Johansen, Tel. +47 4771 0451, E-mail: geir.johansen@axactor.com

Profact AB Fredrik Kessler, Tel. +46 708 282 445, E-mail: fredrik.kessler@profact.se
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