TIDMINM
RNS Number : 7723B
Independent News & Media PLC
02 November 2009
Independent News & Media PLC
Issue of Circular convening Extraordinary General Meeting in relation to
Proposed Disposal of INM Outdoor
Dublin/London - 2nd November, 2009: Independent News & Media PLC ("INM", "the
Company" or "the Group") announces that it has today issued a circular to
shareholders convening an extraordinary general meeting of the Company ("EGM")
for 11.00 a.m. on 26th November, 2009 ("Circular"). This follows the Board's
announcement on 28th August, 2009 that the Group had conditionally agreed to
dispose of its entire shareholding in INM Outdoor (the "Disposal") for gross
sale proceeds of ZAR1,100 million (approximately EUR98 million).
The Disposal is conditional, inter alia, on the approval by Shareholders of an
ordinary resolution, to be put forward to Shareholders at the EGM to approve the
Disposal.
All capitalised/defined terms in this announcement have the same meaning as
those contained in the Circular issued to shareholders.
A copy of the Circular is available for download from the Company's website:
www.inmplc.com.
A copy of the Circular, which is being posted to Shareholders in INM today, has
also been submitted to the Irish Stock Exchange and the UK Listing Authority,
and will shortly be available for inspection at the following locations:
1. Company Announcements Office,
Irish Stock Exchange,
28 Anglesea Street,
Dublin 2,
Ireland.
Tel: + 353 1 6174200
2. Financial Services Authority,
25 The North Colonnade,
Canary Wharf,
London E14 5HS,
United Kingdom.
Tel: + 44 207 066 1000.
For further information, please contact:
+------------------------+-------------+-------------------------+
| Media | Rory | Investors |
| Pat Walsh | Godson/ | and |
| Murray Consultants | Paul | Analysts |
| (Dublin) | Durman | Mark |
| Tel: +353 1 498 0300 | Powerscourt | Kenny/ |
| | (London) | Jonathan |
| | Tel: +44 20 | Neilan |
| | 7250 1446 | K Capital |
| | | Source |
| | | (Dublin) |
| | | Tel: +353 |
| | | 1 6633680 |
+------------------------+-------------+-------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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