Eniro will proceed with the Offer for SOL

Eniro AB (publ) ("Eniro") has now received acceptances from approximately 98 per cent of the shareholders in Scandinavia Online AB (publ) ("SOL") on the offer Eniro announced on 20 November, 2001 ("the Offer").

All conditions for the Offer have now been fulfilled and Eniro has decided to proceed with the Offer. The ordinary acceptance period of Eniro's Offer to the shareholders of SOL expired on 14 December, 2001. Settlement for those shareholders who, at the end of the ordinary acceptance period, had accepted the Offer is expected to be commenced on or about 21 December 2001. Eniro's intention is that SOL as soon as possible will be delisted from the Stockholm Stock Exchange and the Oslo Børs. Eniro immediately intends to initiate a compulsory acquisition process in respect to the remaining shares in SOL. Furthermore, Eniro has decided to extend the acceptance period up to and including 11 January 2002, to enable for additional shareholders to accept the Offer. Settlement for shareholders who will submit their shares during the extended acceptance period is expected to be commenced on or about 18 January, 2002. Eniro may also purchase shares in the market.

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.

Subscribe