Metro International S.A. ("Metro International") hereby announces
that it has been informed by its shareholder Investment AB Kinnevik
("Kinnevik") that Kinnevik has received a preliminary indication of
interest from a potential acquirer of Metro International.
This information was received after the notice for the General
Meeting to be held on 24th February, 2009 was announced, at which
General Meeting the Board of Directors of Metro is seeking the
shareholders' authorization to raise new financing through an issue
of Debentures and Warrants with preferential rights for the holders
of Metro International's SDRs of series A and series B as previously
announced. Given the preliminary nature of the information, the Board
of Directors of Metro International still recommend shareholders to
approve the proposed resolutions at the General Meeting to be held on
24th February, 2009. However, the above mentioned indicated interest
in Metro International may cause the Board of Directors to postpone
the utilization of any authorization given at the General Meeting, or
may cause the Board to abstain from such utilization. Due to the
above, the terms and conditions of the issue of Debentures and
Warrants may not be announced on or around 25th February, 2009 as was
foreseen in Metro International's previous press release of 5th
February, 2009
The indication of interest will be evaluated expeditiously. At this
stage there is no certainty that this will lead to a public offer for
Metro International, and the Board of Directors of Metro
International is not in a position to express any view on the
potential bid. Further communication will be made in due course.
For further information or comments from Nigel Cooper, Non-executive
Director of Metro International or from Per Mikael Jensen, CEO,
please contact:
Ingrid Seldén, IR contact
tel: +44 (0)7725 245 881
***
ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is
published in over 100 major cities in 19 countries across Europe,
North & South America and Asia. Metro has a unique global reach -
attracting a young, active, well-educated Metropolitan audience of 17
million daily readers.
Metro International S.A. 'A' and 'B' shares are listed on the
Stockholmsbörsen 'O-List' under the symbols MTROA and MTROB
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
http://hugin.info/132142/R/1292563/292449.pdf
Copyright © Hugin AS 2009. All rights reserved.
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