Investor Relations
News Detail

17th Dec 2003

INM issues pre-close trading update & announces €53.5m restructuring plan

The board of Independent News & Media PLC [‘INWS.I’] is today issuing a trading update in respect of the financial year ending 31st December 2003 and announcing a €53.5 million worldwide restructuring plan.

This statement is intended to update investors on the Group’s significant operational and recapitalisation achievements during 2003, and to detail the scope of the worldwide restructuring. This update is made in advance of the Company’s preliminary full year results announcement planned for Wednesday 24th March 2004.

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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
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