The offering to subscribe for shares in Kontakt East has gained substantial interest from both institutions and the public. Trading in the company’s shares is estimated to commence on November 27, 2006 on First North at the Stockholm Stock Exchange.
Through the offering, Kontakt East is provided with approximately 2,900 new shareholders and SEK 110 million before deduction of issue costs. The company’s second largest shareholder, Investment AB Kinnevik, subscribes for 1,000,000 shares in the offering pursuant to the announced undertaking and thereby increases its holding to 17.1 percent of votes and capital.
The offering was approximately 12 times over-subscribed after allotment of 1,000,000 shares to Investment AB Kinnevik. The board of directors of Kontakt East has resolved on the allotment.
Following the offering, the number of shares amounts to 8,000,000, of which a total of 4,000,000 shares are issued in conjunction with the offering. The newly issued shares correspond to 50.0 percent of the total number of outstanding shares after the issue. Kontakt East has also issued an option of a maximum of 400,000 shares for new issue in order to cover any possible over-allotment in the offering. The option can be exercised within 30 days from the commencement of trading in the company’s shares on Firth North.
The estimated first day for trading in the company’s shares on First North is November 27, 2006 under the ticker “KEH”.
E. Öhman J:or Fondkommission AB is the financial advisor of Kontakt East. E. Öhman J:or Fondkommission AB will also be the company’s Certified Advisor on First North.
For further information, please contact:
Filip Engelbert, CEO Kontakt East Holding AB (publ), tel +46 (0)8 545 015 55
E-mail: filip.engelbert@kontakteast.se
Robert Eriksson, Corporate Communications, tel: +46 (0)701 11 26 15
E-mail: robert.eriksson@kontakteast.se
Kontakt East is a Swedish holding company that invests in companies active within search and guidance media in Russia and neighbouring markets. The objective is to manage acquired companies as an active and long-term owner, and to thereby increase their value. The company’s policy is to hold a controlling majority interest in the portfolio companies. Kontakt East currently has two operating subsidiaries, OOO Eniro Rus-M and OOO Eniro Rus-S, which are both organised within the operational unit Yellow Pages Russia (”YPR”).
For further information, see Kontakt East’s website.