Investor Relations
News Detail

12th Jun 2000

INM share price adjustment

At the recent EGM held on 31st May 2000, Independent shareholders passed a resolution whereby shareholders who were on the Register of Members as at the close of business on Monday 5th June 2000 would be offered one new share for every one share held as of that date.

Today (Monday 12th June 2000) marks the commencement of dealings in these bonus shares and the distribution of the bonus share certificates, with the share price being adjusted by approximately 50% to reflect the bonus issue.

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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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Operations across 4 continents