Preliminary outcome of Eniro's rights issue


Preliminary outcome of Eniro's rights issue

Not for release, publication or distribution, in whole or in part,
directly or indirectly, in or into the United States, Australia, Canada,
Hong Kong or Japan

The subscription period for Eniro AB's (publ) rights issue ended on
December 17, 2010. The preliminary results show that approximately 79
percent of the offered shares were subscribed for by way of subscription
rights. Furthermore, around1.7 percent of the offered shares will be
allotted to persons that have applied for subscription of shares without
subscription rights. Approximately 20 percent of the offered shares will
be subscribed for by the consortium of underwriting banks which has
committed to underwrite the entire rights issue, which in its turn will
re-allocate all such shares to the sub-underwriters. This means that the
rights issue of approximately SEK 2.5 billion (before issue-related
costs) will be fully subscribed.

“We are delighted for the support we have received from Eniro's
shareholders. The strengthening of our balance sheet secures a long-term
sustainable financial structure, decreases our financial risk and allows
us to focus on continued business development to be everyone's first
choice in local search.” says Eniro's Chairman of the Board, Lars Berg.

Under the terms of the rights issue, one share entitled the shareholder
to receive one subscription right. One subscription right entitled its
holder to subscribe for 30 new shares at a subscription price of SEK
0.52 per share. Through the rights issue the total number of shares
outstanding will increase by 4,847,455,170 shares to 5,009,037,009
shares, and Eniro's share capital by SEK 2,423,727,585 to SEK
2,504,518,504.50.

The shares that have been subscribed for without subscription rights
will be allocated according to principles described in the prospectus
published on December 1, 2010. Contract notes confirming the allotment
of such shares are expected to be distributed on December 27, 2010.

The final outcome of the rights issue and information on the first
trading date of the new shares will be presented on December 23, 2010 in
accordance with what has been previously communicated.

The above information is such that Eniro AB (publ) shall make public in
accordance with the Securities Market Act and/or the Financial
Instruments Trading Act. The information was published at 7.45 a.m. CET
on 22 December 2010.

www.eniro.com

 

Lars Berg, Chairman of the Board +46 8 553 311 14

Johan Lindgren, CEO +46 8 553 311 14

Birgitta Henriksson, Acting Head of IR, +46 70 812 86 39
GlobeNewswire