Investor Relations
News Detail

29th Jun 2009

Extension of Financial Standstill Agreement

Dublin – 26th June, 2009: Independent News & Media PLC ('INM' or the 'Group') and Independent News & Media (Finance) Limited (Issuer of the 5.75% €200 million guaranteed Bonds) announce that the financial standstill entered into on 17th May 2009 with their principal Banks and Bondholders for the period to 26th June 2009 has been extended. The financial standstill period will now run until 24th July 2009 (or any earlier date of termination under the standstill agreement or later date if agreed to by the required parties).

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“Independent News & Media has always understood that beyond being a very successful company in the financial sense, it has broader social responsibilities to all those communities where it operates. This is demonstrated by over 200 projects and charities which the company has underwritten and supported and can be seen from the work that INM has done in education, particularly the work they’ve done in health education in South Africa in relation to HIV and AIDS.”

Baroness Margaret Jay, Non-Executive Director