Investor Relations
News Detail

25th Sep 2009

Extension of Financial Standstill Agreement

Dublin – 25th September, 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 with their principal Banks and Bondholders for the period to 25th September, 2009 has been extended. The financial standstill period will now run until 30th October, 2009 (or any earlier date of termination under the standstill agreement).

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"INM has a very clear, compelling and coherent strategy for growth, with a very resolute and sturdy version of our newspaper brands' place within the fast-changing media matrix."

Gavin O'Reilly, Group Chief Executive Officer