Shareholders at Independent News & Media (INM) have approved a capital restructuring that should pave the way for a resumption of dividends, after a stormy EGM in the Alexander hotel in Dublin.
INM announced to the stock exchange, about two hours after the meeting closed on Monday afternoon, that two motions enabling a capital reduction and share deletion, related to the write-off of 1.1 billion of historic losses, had been carried in a poll.
The share restructuring, which if ratified by the High Court…
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