Statement re Share Price Movement and Press Commentary
The Board of Directors of Johnston Press plc (“Johnston Press” or the “Company”) notes the rise in the Company’s share price today and confirms that it knows of no operational or corporate or other reason for the price movement.
The Company continues to explore a number of strategic options for the restructuring or refinancing of its bonds and confirms that no agreement on these potential options has been reached. The Company received a letter from Custos Group AS on Friday 20 July, and notes the press commentary on this over recent days.
The Company confirms that it is not in receipt of any plan or proposal from any party for a refinancing or restructuring of its debt. Further announcements will be made as appropriate.
As stated previously, any proposal that results from these discussions will remain subject to negotiation and consent of relevant stakeholders, and there can be no certainty that a formal proposal will be forthcoming.
21st July 2016: In its third consecutive month of growth under Johnston Press ownership, Britain’s first and only concise quality newspaper i has delivered a circulation rise of 2.97% month on month from 285,734 to 294,223 for June, according to the latest ABC figures released today. The significant increase represents a 7.6% year on year rise on the same period in 2015.
I’s growing circulation under the ownership of Johnston Press since 10th April, has also seen it grow its market share by 2%. This increase comes following a Saturday sales record for the title on 25th June with a peak of 309,990, up 24% year on year.
