European Directories BondCo S.C.A. announces Conference Call for Bondholders on Recent Tax Ruling
European Directories BondCo S.C.A. announced today that it has scheduled a conference call for holders of its Senior Secured Callable Floating Rate Bonds 2013/2018 to be held on Friday, 25 September 2015 at 12:00 CET, to provide additional background for and to answer potential investor questions about the tax ruling announced on 18 September 2015.
In a tax dispute which has been ongoing since 2004 against one of European Directories BondCo S.C.A's indirect subsidiaries, Finderia Oy (in liquidation), the Helsinki Administrative Court has imposed income tax including interest amounting to approximately EUR 38 million (the initial announcement estimated the income tax including interest and penalty interest to approximately EUR 50 million). The European Directories Group maintains its position that the tax claim is unfounded. The ruling contravenes previous court rulings and misinterprets applicable law. Finderia Oy will appeal the Administrative Court's decision and also request that the payment of any tax and interest is deferred.
Holders of the Senior Secured Callable Floating Rate Bonds 2013/2018 are requested to access the dial-in instructions through Pareto Security, Christian.Holm.Nilsen@paretosec.com, +46 8 402 5223.
For further information, please contact:
Tel +31 20 487 36 88
European Directories Group is an online partner for SMEs offering local search and lead generation with a scalable business model. The European Directories Group operates through three main brands: Fonecta in Finland, Herold in Austria and DTG in the Netherlands. More information about the European Directories Group can be found at www.europeandirectories.com.
This information was released for publication at 20:00 CET on 23 September 2015.