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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"The Independent is as faithful today to its founding principles as it was when it was launched 21 years ago. What it means is that what you see in the paper is solely the product of its journalists. It’s always punched above its weight and I think its influence in political, social and economic circles is far beyond its circulation would suggest."

Simon Kelner, Managing Director, The Independent and The Independent on Sunday