EuropeanDirectories undertakes minor internal corporate reorganisation

As part of an intra-group restructure in order to reduce administrative costs and bring the Austrian trading companies under the direct ownership of a Dutch holding company, the European Directories Group has proposed a merger of its 100% owned Austrian subsidiary, Herold Holding GmbH, with a newly incorporated 100% owned Dutch subsidiary, European Directories (DH8) B.V.  Both companies are 100% direct subsidiaries of European Directories (DH7) B.V.  Neither company conducts any trading business, nor has any employees and the operations of the Dutch and Austrian business are completely unaffected by this matter.

The proposed merger is subject to court approvals in Austria and The Netherlands which will be sought following the expiry of statutory notice periods to the companies’ creditors.  In any event, the merger must be completed with six months.

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For further information, please contact:

Group CFO

Neil Robson
Tel +31 20 487 36 88

E-mail: ir@europeandirectories.com

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.