27 Apr 2012 17:36
Directorate Changes
Ticker: (Bloomberg) INM.ID/INM.LN and (Reuters) INME.I/INME.L
27 April 2012, Dublin/London: Independent News & Media PLC ("INM" and/ or the "Company") advises that Baroness Margaret Jay has, as of 26 April 2012 informed the Board of INM that she has decided not to stand for re-election at the forthcoming Annual General Meeting, to be held on 8 June 2012 ("AGM"). Accordingly, Baroness Jay will retire from the Board at the conclusion of the AGM.
Baroness Jaywas appointed to the Board of INM as a non-executive director in 2003 and was appointed Senior Independent Director in 2007. INM Chairman James Osborne said "Margaret brought a unique blend of journalistic and political expertise to the Board and I thank her for her contribution over the last nine years and I wish her the very best in the future."
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Further Information:
Karl Brophy, Director of Corporate Affairs
Independent News & Media PLC
+353 1 466 3200 (office)
+353 86 047 1951 (mobile)
CORPORATE PROFILE
Independent News & Media PLC is a leading international newspaper and media group. Its main interests are located in Ireland, Northern Ireland, and South Africa.
The Group has market-leading newspaper positions in Ireland, Northern Ireland, and South Africa and has established a strong and growing digital presence, including market-leading digital positions in each of our main markets with more than 75 editorial, classified and transactional sites. INM is the largest newspaper contract printer and wholesale newspaper distributor on the island of Ireland.
In Australasia, the Group has a 30.4% investment in APN News & Media Limited - which is quoted on the ASX (Sydney). APN is the largest newspaper publisher in New Zealand and leading regional publisher in Australia. It is also Australasia's largest outdoor advertising operator and radio operator, with over 140 stations. APN also has leading outdoor advertising positions in Hong Kong and Indonesia.
From its newspaper origins in Ireland, INM has grown and evolved to become a geographically and media diverse group with market-leading brands. In aggregate, INM manages gross assets of €699 million, revenue of €558 million and employs approximately 2,900 people worldwide.