Investor Relations
News Detail
26th Mar 2003
INM announces Preliminary Results for 2002 & Recapitalisation programme
The Board of Independent News & Media PLC [‘INM’] today presented the Group’s preliminary results for the year ended 31st December 2002.
The Board simultaneously announced the favourable disposal of the Group’s UK Regional newspaper business and a fully underwritten Rights Issue, which - when combined with the €65 million received last November on the disposal of our APN convertible notes - means that €256 million in fresh funds will have been injected into the Group. These announcements reflect the Board’s unrelenting focus on enhancing shareholder value, positioning INM for future growth.
