Investor Relations
News Detail

24th Jul 2009

Restructuring Update: Extension of Financial Standstill Agreed

Dublin – 24th July 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 originally entered into on 17th May 2009 with their principal Banks and Bondholders has been extended.

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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