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Pin to quick picksJohnston Press PLC Regulatory News (JPR)

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Response to press speculation

5 Jun 2018 17:10

RNS Number : 4054Q
Johnston Press PLC
05 June 2018
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5 June 2018

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Johnston Press plc

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Response to Press speculation

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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 potentialΒ strategic options forΒ restructuring or refinancing of the BondΒ 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 Β£220 millionΒ 8.625% senior secured notes, which become due for repayment on 1 June 2019.

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Enquiries:

Powerscourt

Peter Ogden Tel: + 44 (0) 20 7250 1446

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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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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