European Directories BondCo S.C.A. announces deferral of tax payment in respect of Administrative Court ruling
European Directories BondCo S.C.A. announced today that the Supreme Administrative Court (“SAC”) in Helsinki has granted Finderia Oy a deferral in full of the EUR 38.8m tax assessment raised by the Finnish Tax Authorities. The tax assessment was made following the previously announced findings of the Helsinki Administrative Court in the Finderia case. The deferral is granted until the matter has been finally resolved by the SAC.
The European Directories Group maintains its position that the tax claim is unfounded as the ruling contravenes previous court rulings and misinterprets applicable law. Finderia Oy has lodged a preliminary appeal to the SAC but does not have any information on whether or not the leave to appeal will be granted, nor of the timing of the process.
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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.
The information in this announcement is required to be disclosed by European Directories BondCo S.C.A. under the Swedish Securities Markets Act (Sw. lagen om värdepappersmarknaden) and article 20 of the Luxembourg law of 10 January 2008 on transparency obligations, as amended and article 13 of the Grand Ducal Regulation of 11 January 2008 on transparency obligations. This information was released for publication at 15:00CET on October 22, 2015.