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Metro International S.A. is a Luxembourg limited-liability company
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Metro International conducts a rights issue of approximately SEK 550 million
5 February 2009
On February 4th, 2009 the Board of Directors of Metro International has resolved to ask for general meeting of shareholders' authorization to raise approximately SEK 550 million through a new issue of Swedish Depository Receipts (SDRs) over subordinated debentures and over warrants, both with preferential rights for existing holders of series A or series B SDRs over Metro International's shares. The Board of Directors has resolved to summon an Extraordinary General Meeting to be held on 24th February 2009. Investment AB Kinnevik has, subject to certain conditions, undertaken to fully underwrite the contemplated new issue of debentures and warrants.
The full terms and conditions of the new issue of SDRs over debentures and warrants will be decided by the Board of Directors of Metro International following the general meeting of shareholders described above provided that the meeting authorizes the Board of Directors to do so. The present intention is to be able to announce such terms and conditions for the new issue on or around February 25th 2009.
More information regarding the contemplated rights issue is available in the separate notice to the Extraordinary General Meeting (attached hereto as a pdf-file) as well as in the Q4 report 2008. As set out in the attached notice, the Board of Directors furthermore proposes various other resolutions to be passed at the general meeting on the 24th February 2009. These other resolutions are primarily proposed as a result of the upcoming new issue of SDRs over shares and warrants, such as the share capital reduction down to a share capital of € 1,000,000 without cancellation of shares.
For further information please contact:| Per Mikael Jensen, CEO and President | tel: +44 (0)20 7016 1300 |
| Anders Kronborg, CFO | tel: +44 (0)79 125 40800 |
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ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is published in over 100 major cities in 20 countries across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated Metropolitan audience of over 20 million daily readers. Metro's advertising sales have grown at a compound annual rate of 38% since the launch of the first edition in 1995.
Metro International 'A' and 'B' shares are listed on the OMX Nordic Exchange's Nordic List under the symbols MTRO SBD A and MTRO SBD B.