Eniro’s issue of preference shares oversubscribed
The application period for subscription of Eniro AB's (publ) directed issue of preference shares has expired. The share issue, amounting to SEK 400 M, has been fully subscribed. In total, subscription applications in excess of SEK 700 M were submitted.
As previously stated, the reason for the issue is to finance the early repayment in full, at a discount, to one of the lenders in the bank consortium with which the company has a loan agreement. By financing the repayment of existing debt at a discount through the issue of preference shares Eniro reduces its leverage while also strengthening the company’s cash flow, earnings and key figures.
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For more information, please contact:
Johan Lindgren, President and Chief Executive Officer, Tel: +46 (0)8-553 310 01
Mattias Lundqvist, CFO, Tel: +46 (0) 8-553 310 04
Cecilia Lannebo, Head of Investor Relations, Tel: +46 722 208 277, e-mail:
This Press Release contains information that Eniro AB (publ) is required to disclose in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Market Act. The information was submitted for publishing at 08.00 a.m. on 26 June 2012
Eniro is the Nordic region’s largest local search company. Both consumers and companies can use Eniro’s services to easily locate sales outlets for services and products of interest, regardless of whether the channel is the Internet, a directory or a mobile phone. Advertisers can actively market themselves to interested consumers, thus finding new customers and increasing their sales.
Eniro has some 3,600 employees in the Nordic region and Poland, and has been listed on Nasdaq OMX Stockholm since 2000. In 2011, revenues amounted to SEK 4,323 M, with EBITDA of SEK 991 M. The head office is located in Stockholm. Read more about Eniro at www.eniro.com
This press release is not an offering to subscribe for shares in Eniro. A prospectus for the share issue presented in this press release and the subsequent listing of preference shares on the NASDAQ OMX Stockholm exchange will be compiled and submitted to the Swedish Financial Supervisory Board. After the Swedish Financial Supervisory Authority has approved and registered the prospectus, it will be made public and will be available on Eniro’s website and elsewhere.
The distribution of this press release may in certain jurisdictions be subject to legal restrictions, and persons who gain access to it, or part of it, should become acquainted with and comply with such legal restrictions. The information in this press release shall not constitute an offering to sell shares or encouragement to buy shares; neither shall there be any sale of the securities referred to herein in any jurisdiction in which such an offering, or encouragement to buy or sell, would require the production of additional prospectuses or any other offering documents, or would not be legal without registration or applicable exemptions from registration pursuant to securities legislation in such jurisdictions.
This press release neither constitutes nor represents part of an offering or encouragement of an offering to buy or subscribe for shares pursuant to the US Securities Act of 1933 ("Securities Act"), and the share may not be offered or sold in the US without registration in accordance with the Securities Act or exemptions related to it. The securities noted herein are not offered to the public in the US. Copies of this press release will not be made and it may not be distributed or sent, wholly or in part, directly or indirectly to the US, Australia, Canada, Hong Kong or Japan.
Carnegie Investment Bank is acting on behalf of the Company and for no other party in connection with the Share issue and will not be liable to any party except the Company for the provision of protection that is offered to its respective clients or for the provision of advice in connection with the Share Issue and/or any other matter to which reference is made in this publication.
Carnegie Investment Bank does not accept any responsibility whatsoever and does not provide any pledge or guarantee, either explicitly or implicitly, regarding the content of this publication, including its accuracy, its comprehensiveness or its verification, or for any statement that has been made or is intended to be made by these or on their behalf in connection with the company and the new shares, or Share Issue, and nothing in this publication is or shall be relied upon as an undertaking or commitment in this respect, irrespective of the future or the past. In accordance herewith, Carnegie Investment Bank completely disclaims liability to the extent permitted by law, as well as all liability, regardless of whether it pertains to damages, agreements or any other matter that it would otherwise have had in respect of this publication or any such statement.
This press release has not been approved by any authority. This press release is not a prospectus and investors should not subscribe for or purchase securities referred to in this press release, except for those based on information in the prospectus that will be published on Eniro’s website in due course.
This press release contains forward-looking statements that reflect executive management’s current view of future events and potential financial development. While Eniro believes that the expectations described in such statements are reasonable, there is no guarantee that these forward-looking statements will be realized or prove correct. Thus, as a result of various factors, the outcome could differ markedly from that stated in forward-looking statements. You are urged to read this publication and the prospectus and the information incorporated through reference therein when the latter is published in full for a further discussion of the factors that could affect Eniro’s future performance and the industries within which the Company is active. In the light of these risks, uncertainties and assumptions, it is possible that the events described in the forward-looking statements in this publication will not transpire.