29th Nov 2016
INM - Media Speculation Announcement
29th November 2016 - Independent News & Media PLC (the 'Company'), noting recent media speculation, confirms that an issue arose between the Chief Executive Officer and the Chairman in relation to the terms of a possible acquisition by the Company. Discussions on the possible acquisition ended at a preliminary stage and the acquisition was never considered by the Board. The CEO raised the issue with the Company's Senior Independent Director. The Board established a sub-committee to review the issue and the sub-committee reported to the Board that no issue of concern arose for the Company. The Board has, with the agreed absence of the CEO and Chairman, unanimously adopted the committee's report.
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INM - Independent News & Media plc published this content on 29 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 November 2016 11:33:11 UTC.