Eniro’s rights issue oversubscribed. Preliminary result.
The subscription period for Eniro’s rights issue with preferential rights for shareholders of ordinary shares ended on March 30, 2015 and according to the preliminary result the rights issue is oversubscribed. The company will thereby receive approximately SEK 458 million before transaction costs.
In total, approximately 97 percent of the rights issue was subscribed for with the exercise of subscription rights. These subscriptions include certain larger shareholders, including Zimbrine Holding BV (a company controlled by Staffan Persson, member of the Board of Directors), Danske Capital and Lars-Johan Jarnheimer (Chairman of the Board) which have committed to subscribe for their respective pro rata shares, corresponding to, in aggregate, approximately 18 percent of the total rights issue.
Additionally, applications for subscription of ordinary shares without subscription rights have been received, corresponding to in aggregate approximately SEK 110 million, representing approximately 24 percent of the total rights issue proceeds before transaction costs.
Allotment of new ordinary shares subscribed for without subscription rights will be made according to the principles outlined in the prospectus which was published on March 13, 2015. Consequently, since the rights issue has been oversubscribed, the guarantee commitments made in connection with the rights issue will not be exercised.
Through the rights issue, Eniro’s share capital will increase by SEK 152,821,110. The number of ordinary shares will increase by 305,642,220 to 407,522,960. This occurs when the rights issue is registered with the Swedish Companies Registration Office.
The last day of trading in paid subscribed shares (BTA) at Nasdaq Stockholm is expected to be April 24, 2015. The new ordinary shares are expected to start trading at Nasdaq Stockholm around April 30, 2015.
ABG Sundal Collier AB is acting as financial advisor and Gernandt & Danielsson Advokatbyrå KB is the legal advisor to Eniro in connection with the rights issue.
For more information, please contact
Stefan Kercza, President and CEO, Tel: +46 8 553 310 00
Roland M. Andersen, Group CFO, Tel: +46 8 553 310 00
Cecilia Ketels, Deputy Head of Investor Relations, Tel: +46 72 157 29 07, email: cecilia.ketels@eniro.com
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This information is such 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 publication at 08:00 CET on April 2, 2015.
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. This creates great business opportunities for us as the local search company. 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 2,300 employees and has been listed on NASDAQ Stockholm since 2000. During 2014, Eniro’s revenues amounted to SEK 3,002 M and EBITDA was SEK 631 M. More than 88 percent of Eniro’s 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.