25th Jun 2009 14:53
Trinity Mirror plc25 June 2009
Wholesaling Arrangements
Trinity Mirror plc ("the Group") notes the announcement today from Dawson Holdings plc which has entered into a standstill agreement with its major publishing creditors. Whilst the overall financial implications of this arrangement are uncertain, we currently have balances totalling some £7 million due to the Group. The Group anticipates that it will treat any resulting loss as a non-recurring exceptional item. As part of the standstill agreement the Group has agreed that for the time being current wholesale agreements with Surridge Dawson Ltd will remain in place although the Group will continue to examine alternative arrangements should they prove necessary.
For further enquiries:
Vijay Vaghela 0207 293 3000
Group Finance Director
Nick Fullagar 0207 293 3622
Director Corporate Communications
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