The parent company of Eniro presents a composition proposal including an offer to exchange receivables for newly issued preference shares of series A by way of set-off
The composition proposal entails a composition (Sw. accord) of 25 per cent. for the company’s wholly or partly unsecured outstanding receivables, i.e. a write-down of 75 per cent. The composition payment is paid by either (i) cash or (ii) exchange of the composition receivables for newly issued preference shares of series A by way of set-off. The composition proposal is conditional upon the annual general meeting’s resolutions regarding, among other things, amendments to the articles of association and authorisation to the board of directors to issue the new preference shares On 30