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Clarifying information regarding trading halt in the Eniro share

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Based on Nasdaq OMX Stockholm’s decision to halt the trading of the share due to media speculations, Eniro makes the following clarifications:  

  • No bids, firm or indicative, have been made for the company. There are no ongoing negotiations with external parties in relation to the aforementioned.
  • Eniro has previously communicated (press release issued on 22 September) that a further deterioration of the net debt/EBITDA-ratio could lead to a breach of covenants later in the year. Eniro has currently not concluded any breach of covenants.
  • Eniro confirms that negotiations are ongoing with lending banks regarding changes to the loan agreement and the company’s capital structure. In connection with this Eniro has appointed financial advisors.
  • Eniro is conducting a review of the financial targets and an updated outlook statement for 2011 will be presented in connection with the third quarter report on 28 October, 2010.

 

For further information:

Johan Lindgren, CEO, +46 8 553 310 01
Jan Johansson, CFO, +46 8 553 310 15
Birgitta Henriksson, Acting Head of Investor Relations, +46 70 812 86 39

The above information is such that Eniro AB (publ) shall make public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 12.25 CET on 6 October 2010.

www.eniro.com

Eniro is the Nordic region’s largest search company. Both consumers and companies can use Eniro’s services to easily locate where to buy services and products – regardless of whether the channel is internet, catalog or mobile. Advertisers can actively market themselves to interested consumers, find new customers and increase sales. Better search means better business.

 

Eniro has 4,600 employees in the Nordic region and Poland and has been listed on Nasdaq OMX Stockholm since 2000. Headquarters are located in Stockholm, Sweden. More on Eniro at www.eniro.com.