Investor Relations
News Detail

28th Apr 2005

Sale of stake in iTouch plc for all-cash consideration of approx. €100 million

Independent News & Media PLC ('INM') (ticker: INWS.I ; INWS.L) is today very pleased to announce that it has agreed to sell its entire shareholding of 152,840,212 Ordinary Shares in iTouch plc to For-side.com Co. Ltd ('Forside') for an all-cash consideration.

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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