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5 Jun 2018 17:10
5 June 2018
Johnston Press plc
Response to Press speculation
Johnston Press ("The Company") notes today's press reports regarding the Company being in discussions regarding a Regulated Apportionment Arrangement with the pension trustees and pensions regulator ("RAA"). The Company confirms that an RAA is one of a number of potential strategic options for restructuring or refinancing of the Bond being considered by the Company and its advisers and in respect of which the Company expects to discuss with relevant parties in due course.
Notes
The "Bond" refers to the Group's £220 million 8.625% senior secured notes, which become due for repayment on 1 June 2019.
Enquiries:
Powerscourt
Peter Ogden Tel: + 44 (0) 20 7250 1446
Forward-looking statements
The report contains forward-looking statements. Although the Group believes that the expectation reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to have been correct. Due to the inherent uncertainties, including both economic and business risk factors underlying such forward looking information, actual results may differ materially from those expressed or implied by these forward looking statements. The Group undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Market abuse regulation
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Johnston Press Legal Entity Identifier: 213800JFIBCR4LGUA242 Classification: Inside Information.
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