23rd Apr 2015 12:51
Independent News & Media PLC ("INM" or "the Company")
RESULT OF EXTRAORDINARY GENERAL MEETING
Dublin/London 23 April, 2015: Independent News & Media PLC (INM ID, INM LN) held an extraordinary general meeting in Dublin today to approve the proposed disposal of the INM Group's remaining shareholding in APN News & Media Limited (the "Tranche 2 Disposal"), as previously announced.
The resolution approving the Tranche 2 Disposal, as proposed for consideration at the extraordinary general meeting, was duly passed on a show of hands. Details of the proxy votes received in respect of the resolution are set out below:
Resolution | Total Vote | Total For | Total Against | Total Withheld | Total 3rd Party Discretion |
Approval of the Disposal of the Group's Remaining Shareholding in APN | 837,705,860 | 837,098,810 | 192,152 | 414,898 | 0 |
It is expected that the Tranche 2 Disposal will complete on or around end May, 2015 and in any event by no later than 3 June, 2015, in accordance with the terms of the Sale Agreement (as described in detail in the Company's circular to shareholders dated 2 April, 2015 (the "Circular")).
A copy of the resolution passed at the extraordinary general meeting has been submitted to the Irish Stock Exchange and the UK's National Storage Mechanism, and will shortly be available for inspection as follows:
Company Announcements Office,
Irish Stock Exchange,
28 Anglesea Street,
Dublin 2,
Ireland.
Tel: + 353 1 6174200
and
http://www.hemscott.com/nsm.doc
Defined terms used in this announcement have the same meaning as in the Circular.
23 April, 2015
ENDS
Contacts:
Independent News & Media PLC
Michael Doorly
Company Secretary
Tel: +353 (0)1 466 3200
Related Shares:
Independent News & Media