3 Nov 2009 11:40
Independent News & Media PLC
ResultS of REQUISITIONED EGM
Dublin/London - 3rd November, 2009: Independent News & Media PLC ("INM" or "the Company") today announces the results of voting at the Requisitioned Extraordinary General Meeting ("EGM") of the Company held on 3 November 2009. Shareholders voting in person or by proxy [defeated] the two resolutions proposed by a nominee acting on behalf of Mr. Denis O'Brien. This was in line with the Board's recommendation.
Commenting, Dr. Brian Hillery, Chairman, Independent News & Media said: "We are pleased at shareholders' support at today's EGM. This is a critical juncture for the company as we seek to restore financial stability on an agreed and consensual basis, in the best interest of all stakeholders."
The full text of the resolutions were included in the notice of Requisitioned Extraordinary General Meeting circulated to shareholders on 24 September, 2009.
Both resolutions were passed on a show of hand.
The votes received in respect of the resolutions were as follows:-
| Resolution | Total | For | Against | Vote withheld* |
| Resolution 1 - proposed removal of Dr. Brian J. Hillery as Chairman | 647,782,532 | 223,715,832 | 423,317,993 | 748,707 |
| Resolution 2 - to appoint a new senior independent director | 647,782,532 | 223,805,793 | 423,223,265 | 753,474 |
*A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes for or against a resolution.
For further information, please contact:
| Media Pat Walsh Murray Consultants (Dublin) Tel: +353 1 498 0300 | Rory Godson/ Paul Durman Powerscourt (London) Tel: +44 20 7250 1446 | Investors and Analysts Mark Kenny/ Jonathan Neilan FD K Capital Source (Dublin) Tel: +353 1 663 3680 |