Invitation to the Annual General Meeting in Eniro AB
The Board of Directors of Eniro AB (publ) has decided to invite to the Annual General Meeting of Shareholders on March 31, 2004. -Increase of dividend to SEK 1.80 per share -Redemption of shares amounting to approximately SEK 800 M -Authorization regarding acquisition of own shares up to SEK 400 M
Dividend The Board of Directors proposes that a dividend of SEK 1.80 per share shall be paid to the shareholders. The proposed record date for the dividend is April 5, 2004. If the Annual General Meeting decides in accordance with the proposal for dividend, payment is expected to be made through VPC AB (Swedish Securities Register Center) on April 8, 2004. Redemtion of shares amounting to approximately SEK 800 M The Board of Directors proposes that the share capital be reduced by a maximum of SEK 9,299,864, that the Company's unrestricted reserves be reduced by a maximum of SEK 70,163,326 and that the Company's share premium reserve is reduced by a maximum of SEK 720,325,114 for repayment to the shareholders as a premium in conjunction with the reduction of the share capital. The reduction of the share capital will take place by way of redemption of a maximum of 9,299,864 shares, at which the nominal value of SEK 1 will be paid for each redeemed share. In addition, a premium of SEK 85 will be paid per redeemed share. Accordingly, a total of SEK 86 will be paid per redeemed share. Each share in the Company shall entitle the holder to receive one redemption right, and shareholders shall be entitled to redeem one share for every 18 redemption rights held. The proposed record date for receiving redemption rights is April 5, 2004. It is proposed that a commission-free sale of a maximum of 1,000 redemption rights shall be possible. The proposed final date for the commission-free sale is April 28, 2004. The Board of Directors' complete proposal for the redemption program will be available as of March 15, 2004. Authorization regarding aquisition of own shares The Board of Directors proposes that the General Meeting authorizes the Board for the period up until the Annual General Meeting in 2005 to decide upon the acquisition of shares in the Company on the Stockholm Stock Exchange. The total purchase price for the shares thus acquired may not exceed SEK 400,000,000, provided however that the Company's holding of shares in the Company should never exceed 10 per cent of all the shares in the Company. Time and place The Annual General Meeting will be held on March 31, 2004 at 5:00 p.m. in the Wallenberg Room of Näringslivets Hus, Storgatan 19 in Stockholm. The doors will open at 4:00 p.m. Registration Registration shall take place by post to Eniro AB (publ), Corporate Legal Affairs, Box 811, SE-161 24 Bromma, by telephone to +46-8 634 70 16, by fax to +46-8 585 097 25 or by e-mail to firstname.lastname@example.org. See also the invitation to the Annual General Meeting. Stockholm, February 25, 2004 ENIRO AB (publ) For further information: Mikael Engqvist, President, Eniro AB, 08-634 7015, 070-590 22 79 www.eniro.com The full press release including Notice of Annual General Meeting of Shareholders can be downloaded from the enclosed link.