INM announces Preliminary Results for 2002 & Recapitalisation programme

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.

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