Eniro presents updated preliminary timetable for recapitalization

Nasdaq Stockholm–listed Eniro AB (publ) (“Eniro” or “the Company”) has previously communicated that the Company, together with the Company’s lending banks, has drawn up a recapitalization plan (“the Recapitalization”). Because the timetable for the Company’s Recapitalization has been pushed back, as previously communicated the Company’s Annual General Meeting has been postponed to June 7, 2017. An updated preliminary timetable for the Recapitalization is provided below.

The recapitalization plan requires that a number of resolutions are passed by the Annual General Meeting of shareholders. Notice of the Annual General Meeting including such proposals is separately published on this day.

Preliminary timetable

The following timetable is preliminary and may change.  

June 7, 2017     Annual General Meeting
June 8, 2017   Publication of prospectus for Exchange Offers
June 13 – July 4, 2017 Acceptance period for Exchange Offers
July 6, 2017      Announcement of outcome of the Exchange Offers
July 20, 2017   Publication of the terms for the Cash Issue
July 27, 2017   Publication of prospectus for Cash Issue
July 28, 2017   Record date for participation in Cash Issue
August 1 – 29, 2017 Subscription period for Cash Issue

For more information, please contact:

Örjan Frid, President and CEO, Eniro, tel.  +46-70 561 1615

Eniro is a leading search company for individuals and businesses in the Nordic region. With quality-assured content and an unrivaled user experience, Eniro inspires local discoveries and makes local communities thrive. Eniro’s content is available through Internet and mobile services, printed directories, directory assistance and SMS services. Each week Eniro Group’s digital services have 8.1 million unique visitors who perform 14.5 million searches. Eniro Group has about 1,700 employees and operations in Sweden, Norway, Denmark, Finland and Poland. The company is listed on Nasdaq Stockholm [ENRO] and headquartered in Stockholm. More on Eniro at enirogroup.com.

About Us

Eniro is a search company that aggregates, filters and organizes local information. Our growth is driven by users’ increasing mobility and multiscreen behavior, where we are at the forefront with modern technical solutions. For more than 100 years Eniro has helped people find local information and companies find customers. Today it is a multiscreen solution – our users search for information using their smart phones, tablets and desktops. Mobile advertising is today the fastest growing part of Eniro’s business. Eniro is the local search engine. A smart shortcut to what you need, no matter where you are or where you are going. Eniro is one of the largest search companies in the Nordic region and Poland. The company has approximately 2,000 employees and has been listed on NASDAQ Stockholm since 2000. During 2014, Eniro revenues amounted to SEK 3,002m and EBITDA was SEK 631m. Approximately 88 percent of Eniro advertising revenues come from multiscreen channels. The company’s headquarters are located in Stockholm, Sweden. More on Eniro at www.enirogroup.com. Eniro – Discover local. Search local.


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