Investor Relations
News Detail

16th May 2003

Recapitalisation update: Rights Issue and New Zealand Share Issue

Independent News & Media PLC [‘INM’] today announced two transactions, confirming further progress on its recapitalisation programme announced on 26th March 2003.

At that time, INM announced a series of transformative steps designed to recapitalise the Group’s balance sheet and better position the Group going forward.

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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
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Preliminary Results FY 2009

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