NAXS — Major Shareholding Notification 2011

Sep 13, 2011

Issuer NAXS AB (publ)

Holder

QVT Financial LP

Instrument

Instrument	Common stock SE0001965369
Before the transaction
Shares	7,502,001
Voting rights	7,502,001
Transaction
Reason for major shareholding notification Share loan
Date	02/09/2011
Limit for number of shares	20 %
Limit for number of votes	20 %
After the transaction
Quantity
Shares	2,426,141
Directly held voting rights	0
Indirectly held voting rights	2,426,141
Percentage
Directly held shares	16.17 %
Directly held voting rights	0 %
Indirectly held voting rights	16.17 %

Resulting distribution of total holdings

	Percentage of voting rights:	Number of underlying shares:
Shares

Instruments - FITA Ch. 4, section 2, first paragraph, line 2 Instruments - FITA Ch. 4, section 2, first paragraph, line 3

- Physically settled

• Cash settled

Total

Chain of controlling companies

Percentage of voting rights 16.17

Voting rights		2,426,141
Group total holdings
237,435	1.58	Quintessence Fund LP
2,188,706 14.59		QVT Fund LP
	Voting rights % Voting rights Company

Notes (other relevant informations according to law)

This movement of shares was due to an error in share loan by Deutsche Bank AG London, acting as custodian. Neither QVT Financial LP nor the funds it manages took any action, and were simply made aware of the movement after it took place.

Published

13/09/2011 08:44

Contact

Phone +1 2127056229 Email regulatoryfilings@qvt.com

rapportering@fi.se Tfn 08-408 980 37 Fax 08-24 39 25