OSLO, Norway, Nov. 16, 2005 (PRIMEZONE) -- On 26 September 2005, Findexa Limited ("Findexa") and Eniro AB ("Eniro") announced that they had reached agreement on the terms of a recommended acquisition by Eniro to acquire the entire share capital of Findexa ("the Acquisition"). The Acquisition is to be implemented by a means of a scheme of arrangement pursuant to article 125 of the Jersey Companies Law.
The Acquisition is conditional upon a number of conditions. Most of these conditions have now been satisfied. In summary; the Norwegian Competition Authority cleared the Acquisition on 17 October 2005 and the Eniro shareholders approved the Acquisition and authorized the Eniro board to issue the new Eniro shares on 7 November 2005. At the court meeting on 16 November 2005 a majority in number of the Findexa shareholders, holding approximately 86.9% of Findexa's issued share capital, also approved the Acquisition. This represented 99.99% (by value) of those shareholders who where present and voting (whether in person or by proxy).
In addition the Acquisition is conditional upon sanction of the Royal Court of Jersey. An application will be presented to the Royal Court of Jersey at 10 a.m. on 2 December 2005 to obtain the sanction.
Subject to the remaining conditions being fulfilled, it is expected that the Acquisition will be completed on December 5, 2005.
Findexa shareholders will receive (subject to any Mix and Match elections made) for each Findexa share NOK 22.23 in cash and 0.132 of an Eniro share.
To enable DnB NOR Bank ASA to transfer the Eniro shares to the holders of Findexa shares through the VPS System, each Findexa shareholder must complete a Transfer Instruction Form and, if they do not have a VP account in Sweden or an arrangement under which they are able to deposit the Eniro shares with a nominee who has a VP account in Sweden, the Findexa shareholder must also complete a VP Account Opening Form. A Transfer Instruction Form and a VP Account Opening Form are sent to every holder of Findexa shares through the VPS system together with the Scheme. Shareholders should return the forms by post as soon as possible, but in any event so as to be received by DnB NOR Bank ASA no later than 2 December 2005.
-0-