Eniro lost Kapatens' action against the redemption decision of preference shares 2022
Solna District Court has today rendered a judgement in the case regarding the complaint against Eniro Group AB's decision in 2022 to redeem preference shares. The majority of the Court does not consider that the general rules of the Companies Act on share redemption can be applied when there are specific redemption provisions in the articles of association. Eniro Group AB shall compensate Kapatens Investment AB for its legal costs in the amount of SEK 2,521,875.
It should be noted, however, the presiding judge, is dissenting. The judge considers that the decision can be taken at the general meeting under the general rules of the Companies Act and that the decision of the general meeting was therefore correct. The Court agrees that the decision did not violate the general clause of the Companies Act.
Eniro Group AB does not share the majority's view and will therefore appeal the judgement to the Court of Appeal.
For more information, please contact:
Fredric Forsman, Chairman of the Board Eniro Group AB (publ)
Tel: +46 (0)73-978 78 44
E-mail: [email protected]
This information is information that Eniro Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13.10 CET on 28 June 2024.
Eniro exists for companies that want to achieve success and growth in their market. Today, Eniro optimises the opportunity for companies to create local presence, searchability and marketing digitally. This makes Eniro an important partner for small and medium-sized companies. The company's clear goal is to give SMEs the same conditions and resources that large companies have access to. Eniro offers a platform that optimises local marketing through intelligence, automation and streamlining of communication. In the digital landscape, Eniro partners with the largest media groups in the world.
Eniro Group AB (publ) is listed on Nasdaq Stockholm (ENRO) and operates in Sweden, Denmark, Finland and Norway. In 2023, the Eniro Group had sales of SEK 960 million and approximately 900 employees with headquarters in Stockholm. The group also includes Dynava, which offers customer service and answering services for major companies in the Nordic region, as well as directory enquiry services.
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Eniro Group är ett nordiskt bolag som hjälper små och medelstora företag med digital marknadsföring.
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