REG - Trinity Mirror PLC - Update in relation to phone hacking <Origin Href="QuoteRef">TNI.L</Origin>

ReachAnnouncement

16/07/2015 09:28

RNS Number : 2271P
Trinity Mirror PLC
04 June 2015
Trinity Mirror plc

4 June 2015
Update in relation to phone hacking 
Further to our announcement on 21 May 2015, we confirm that our subsidiary, MGN Limited will be seeking permission to appeal the judgment handed down by Mr Justice Mann on 21 May 2015 following the civil trial for the assessment of damages for 8 representative claimants arising from phone hacking.
MGN Limitedhas already accepted that it should pay appropriate compensation to individuals who were the target of phone hacking. However, we believe that the basis used for calculating damages in the judgment is incorrect and the amounts awarded by the Judge are excessive and disproportionate.
There remains uncertainty as to how matters will progress. Further updates will be made if there are any significant developments or our estimate of the financial exposure was to materially change.
Enquiries
Trinity Mirror
Simon Fox, Chief Executive
Vijay Vaghela, Group Finance Director
Elizabeth Holloway, Corporate Communications
020 7293 3553
Brunswick
Mike Smith
020 7404 5959
Jon Drage

This information is provided by RNS
The company news service from the London Stock Exchange
  END
STRSSEFSLFISESM