Brief: Eniro Reaches Agreement In Principle With PRI

Eniro AB

27/02/2020 13:34

Feb 27 (Reuters) - Eniro AB  ENRO.ST :
    * ENIRO HAS REACHED AN AGREEMENT IN PRINCIPLE WITH PRI
    * AGREEMENT IN PRINCIPLE WITH FÖRSÄKRINGSBOLAGET PRI
PENSIONSGARANTI, ÖMSESIDIGT WHICH PRESUPPOSES THAT
RECAPITALISATION PLAN IS IMPLEMENTED
    * AGREEMENT FURTHER ENTAILS THAT PRI WAIVES ANY CLAIM FOR
FURTHER
FUNDS TO BE DEPOSITED ON PLEDGED BANK ACCOUNTS
    * PRI WILL RECEIVE NEW COLLATERAL IN FORM OF FLOATING
CHARGES IN
OPERATIONAL SUBSIDIARIES IN AN AMOUNT OF SEK 25 MILLION
    * PRI WILL RECEIVE  COMMITMENT FROM ENIRO NOT TO, WITHOUT
PRI'S
WRITTEN APPROVAL, PAY DIVIDENDS TO SHAREHOLDERS BEFORE END OF
SEPTEMBER 2022
    * PRI ALLOWS ALREADY PLEDGED BANK ACCOUNT FUNDS IN AMOUNT OF
SEK
182 MILLION TO BE RELEASED AFTER IMPLEMENTATION OF
RECAPITALISATION PLAN

Source text for Eikon:  ID:nWkr8L7HDl 
Further company coverage:  ENRO.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))