TIDMJPR

RNS Number : 1295T

Johnston Press PLC

10 October 2017

10 October 2017

Johnston Press plc (the "Company" or "Johnston Press")

Strategic Review Update - Ad Hoc Committee of bondholders

On 29 March 2017, the Board of Johnston Press announced that it had commenced a strategic review to assess the financing options available to the Johnston Press group in relation to its GBP220 million 8.625% senior secured notes due for repayment on 1 June 2019. On 2 August 2017, the Board of Johnston Press announced that, following a period of initial consultations with the largest shareholders and bondholders, it would focus on discussions with the Pension Trustees. Those discussions are progressing.

In order to progress the strategic review further, the Board of Johnston Press announces that it is approaching its largest bondholders regarding the potential formation of an ad hoc committee of bondholders (the "AHC"). Further announcements regarding the strategic review will be made when appropriate.

Ashley Highfield, CEO of Johnston Press, said,

"We are making good progress on our strategic review and this is an important step in moving things forward, in discussion with all our stakeholders."

Any bondholder that requires further information should contact Rothschild, whose contact details are provided below.

-ends-

For more information, contact:

 
 Johnston Press plc 
  Ashley Highfield, CEO 
  David King, CFO                                020 7612 2600 
 Rothschild 
  Andrew Merrett 
  Simon Lalande                                  020 7280 5000 
 
 Panmure Gordon 
  Dominic Morley 
  Charles Leigh-Pemberton                        020 7886 2500 
 Liberum 
  Neil Patel                                     020 3100 2000 
 Powerscourt                                     020 7250 1446 
  Juliet Callaghan / John Elliott     jp@powerscourt-group.com 
  / Rory Godson

This information is provided by RNS

The company news service from the London Stock Exchange

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