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IPDC - Independent News & Media News Story

€0.105 0.0  1.0%

Last Trade - 30/07/19

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £165.9m
Position in Universe th / 1820

Irish court appoints inspectors to Ireland's largest newspaper group

Tue 4th September, 2018 3:14pm
DUBLIN, Sept 4 (Reuters) - Ireland's High Court on Tuesday
granted an application by the state's corporate watchdog to
appoint inspectors to investigate potentially unlawful conduct
at Independent News & Media (INM)  INME.I , the country's
largest newspaper group.
    Ireland's Office of the Director of Corporate Enforcement
(ODCE) made the request in March following an investigation into
issues at INM, including allegations that journalists' data
might have been accessed for an "improper purpose".
    INM had opposed the application and had also said it was
prepared to take action if there was any wrongdoing. Its
chairman told shareholders in May the board was "gravely
concerned" that the appointment would significantly damage the
company and lead to very considerable, ongoing financial costs.
    
    

 (Reporting by Graham Fahy
Writing by Padraic Halpin)
 ((padraic.halpin@thomsonreuters.com; +353 1 500 1504; Reuters
Messaging: padraic.halpin.thomsonreuters.com@reuters.net))
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