Investor Relations
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INDEPENDENT NEWS & MEDIA PLC ("Independent News & Media” or “the Company")
Independent News & Media announces the publication of a Circular to Shareholders in connection with the Proposed Restructuring and Sale of the Wilson & Horton Group to APN News & Media Limited
On 31 October 2001 Independent News & Media announced a significant restructuring of its Australasian interests under which it had entered into a conditional agreement to sell its wholly owned subsidiary Wilson & Horton Limited, its subsidiaries and Wilson & Horton Finance Pty Limited (comprising in aggregate the business, mastheads and trademarks of Wilson & Horton Limited) to APN News & Media Limited, a company in which Independent News & Media holds a 39.6% interest.
Further to that announcement, the Board of Independent News & Media is pleased to announce the publication of a document comprising a class 1 circular in relation to the Restructuring and Sale ("the Circular").
The Circular, copies of which have been posted to Shareholders today, convenes an Extraordinary General Meeting of the Company for 11.00am on 3 December 2001 at The Shelbourne Hotel, St Stephen's Green, Dublin 2, at which the resolution to approve the Restructuring and Sale will be considered and voted on. Ends Thursday, 15th November 2001
For reference: Independent News & Media PLC
James J Parkinson, Group Finance Director Tel: + 353 1 466 3200 Gavin K O'Reilly, Chief Executive - Ireland Tel: + 353 1 705 5495
Davy Stockbrokers
Eugenee Mulhern Tel: + 353 1 679 6363
Macquarie Bank Limited
Andrew Low Tel: + 61 2 8232 6372
