Brief: Eniro Presents A Plan For Recapitalisation Involving An Exchange Of Convertibles And Bonds For Preference Shares Of A New Series A

Eniro AB

29/01/2020 01:26

Jan 28 (Reuters) - Eniro AB  ENRO.ST :
    * ENIRO SAYS PRESENTS A PLAN FOR RECAPITALISATION INVOLVING
AN
EXCHANGE OF CONVERTIBLES AND BONDS FOR PREFERENCE SHARES OF A
NEW SERIES A
    * ENIRO SAYS CALLS FOR AN EXTRAORDINARY GENERAL MEETING ON 2
MARCH
2020
    * PLAN ENTAILS HOLDERS OF CONVERTIBLES & BONDHOLDERS
EXCHANGE
THESE INSTRUMENTS FOR NEWLY ISSUED REDEEMABLE PREFERENCE SHARES
OF NEW SERIES A
    * PREFERENCE SHARES OF SERIES A WILL CONSTITUTE
APPROXIMATELY
90.5% OF ALL SHARES AND VOTES IN ENIRO
    * PLAN IS SUPPORTED BY SHAREHOLDERS REPRESENTING
APPROXIMATELY 25%
OF ALL VOTES IN COMPANY
    * PLAN IS SUPPORTED BY BONDHOLDERS REPRESENTING
APPROXIMATELY 30%
OF BOND LOAN

Source text for Eikon:  ID:nWkrXJ6GS 
Further company coverage:  ENRO.ST 

 ((Reuters.Briefs@thomsonreuters.com;))