Johnston Press PLC Appointment of Administrators (6901H)
November 19 2018 - 2:00AM
UK Regulatory
TIDMJPR
RNS Number : 6901H
Johnston Press PLC
19 November 2018
Johnston Press PLC (the "Company")
Appointment of Administrators
On 16 November 2018, the Company announced that the boards of
directors of the Company and each of its principal subsidiaries
incorporated in Scotland, England and Northern Ireland had resolved
to apply to the Courts in Scotland, England, and Northern Ireland
respectively for administration orders in respect of those
companies.
Administrators have now been appointed over each of those
companies and, in accordance with the Company's previous
announcement, the businesses and substantially all of the assets of
the Company's group (the "Group") have been sold by those
companies, acting by the Administrators, to a newly-incorporated
group of companies controlled by the holders of the Group's bonds.
The transaction will preserve the jobs of the Group's employees and
ensure that the Group's businesses will be carried on as
normal.
This announcement contains information that is inside
information for the purposes of Article 7 of Regulation 596/2014.
Upon the publication of this announcement, the inside information
contained in this announcement will no longer be considered inside
information.
ENDS
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END
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