Tag Archives: EGM

From top: Foyer at Independent House on Talbot Street, Dublin 1; INM board at an Extraordinary General Meeting in the Carlton Hotel, Dublin Airport this morning

This morning/afternoon.

The short meeting  was attended by around 50 shareholders, as well as the board of the company and advisors to the deal.

….Not everyone attending the meeting was happy with the deal on the table, though.

One shareholder claimed the 44% premium being offered by Mediahuis on the share price at the time of the offer was not a true reflection of the company’s value because the share price was depressed as a result of the ongoing investigation into INM by High Court inspectors.

This is a catastrophic deal,” he told the meeting.

Meanwhile…

INM chief executive Michael Doorly said it was a day of mixed emotions as the meeting represented the end of an era, as it likely marked the end of INM as a public limited company.

INM takeover set to be approved by shareholders (RTÉ)

Previously: Meet The New Boss