STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Shareholders in Eniro AB (publ) (“Eniro” or the “Company”) (STO:ENRO) resolved, among other things, at yesterday’s Extraordinary Meeting of Shareholders to authorize the Board of Directors in Eniro to decide on the issuance of up to 1 000 000 preference shares.
The Board of Directors in Eniro has decided, by virtue of the authorization and in accordance with the earlier communicated terms and reasons, to carry out an issue of preference shares (the “Share Issue”).
Background The reason for the Share Issue is, as previously communicated, to finance the early repayment, at a discount (the “Repayment”), of the outstanding receivable to one of the parties in the consortium with which the Company has concluded a loan agreement.
By replacing an existing debt at a discount with preference shares, Eniro’s debt decreases at the same time as the Company’s cash flow, profit and key ratios are improving.
This is an excerpt from the original press release. To get access to the press release in its entirety, you have to confirm that you are not a resident of a jurisdiction where viewing the materials would be unlawful. Please use following link http://bit.ly/JOTRfk
The 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 publishing at 15.00 on 8 June 2012.
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 3,600 employees in the Nordic region and Poland and has been listed on Nasdaq OMX Stockholm since 2000. During 2011, Eniro’s revenues amounted to SEK 4,323 M and EBITDA was SEK 991 M. Headquarters are located in Stockholm, Sweden. More on Eniro at www.eniro.com
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