Independent News & Media PLC Statement Regarding Media Speculation (3618Q)
November 29 2016 - 2:01AM
UK Regulatory
TIDMINM
RNS Number : 3618Q
Independent News & Media PLC
29 November 2016
This announcement contains inside information.
29 November 2016
INDEPENDENT NEWS & MEDIA PLC
Statement Regarding Media Speculation
29(th) November 2016 - Independent News & Media PLC (the
"Company"), noting recent media speculation, confirms that an issue
arose between the Chief Executive Officer and the Chairman in
relation to the terms of a possible acquisition by the Company.
Discussions on the possible acquisition ended at a preliminary
stage and the acquisition was never considered by the Board. The
CEO raised the issue with the Company's Senior Independent
Director. The Board established a sub-committee to review the issue
and the sub-committee reported to the Board that no issue of
concern arose for the Company. The Board has, with the agreed
absence of the CEO and Chairman, unanimously adopted the
committee's report.
The Board and the Company's management remain fully focussed on
the business and in ensuring that day-to-day operations are
conducted as normal.
For further information, contact:
Media Investors & Analysts
Nigel Heneghan Michael Doorly
Heneghan PR Company Secretary
+ 353 1 660 7395 (office) Independent News & Media
+ 353 86 258 7206 (mobile) PLC
nigel@hpr.ie +353 1 466 3260
michael.doorly@inmplc.com
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 29, 2016 02:01 ET (07:01 GMT)
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