Eniro AB presents a composition proposal of 25 per cent
On the 18th of May 2020 Eniro presented a composition proposal which entails a composition (Sw. ackord) of 25 per cent. for the company's wholly or partly unsecured outstanding debt, i.e. a write-down of 75 per cent. The composition payment is paid by either (i) cash or (ii) exchange of the composition receivables for newly issued preference shares of series A by way of set-off.
The composition proposal is conditional upon the annual general meeting's resolutions regarding, among other things, amendments to the articles of association and authorisation to the board of directors to issue the new preference shares.
All holders of Eniro’s bond (2018/2021 SE0011452440 ENIRO01) and convertible debt (2015/2020 SE0006789830 Eniro KV 1) will be contacted by the agent Nordic Trustee & Agency AB separately. All other creditors are kindly asked to confirm whether the accept the proposal before the 4th of June 2020. The complete composition proposal, the administrator’s report and form for acceptance of the composition proposal are available here (Swedish and English).
If you have any questions to the administrator, please contact Christofer Hemsedahl, firstname.lastname@example.org.