INM to delist NZX shares, haven't traded since 2007

Independent News & Media, the Irish parent of Australasia’s APN News & Media, is delisting shares which haven't traded on the New Zealand stock exchange since 2007.

The locally listed shares last traded on Sept. 28 2007 for $5.30. INM will continue to list on the Dublin and London stock exchanges, with its NZX delisting is effective from June 22.

Shareholders are advised to contact their local broker or company secretary Geoff Caisley on how they can trade in their shares, the company said in a statement.

In a separate announcement INM has appointed Allan Marshall as an independent director, effective immediately. Marshall founded the publishing advisory service iMedia and is currently heading up the Telegraph Media Group technology transformation.

BusinessDesk.co.nz

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