Update in relation to phone hacking

RNS Number : 4228J

Trinity Mirror PLC

17 December 2015

 

Trinity Mirror plc

17 December 2015

Update in relation to civil claims arising from phone hacking

We note the judgment released today by the Court of Appeal whereby they upheld the judgment of Mr Justice Mann issued on 20 May 2015 following the conclusion of the civil trial for the assessment of damages for 8 representative claimants arising from phone hacking. We continue to believe that the basis used for calculating damages is incorrect and we therefore intend to appeal this matter to the Supreme Court.

As a consequence of this decision and the continued uncertainty as to how matters will progress we are increasing our provision to deal with these matters by £13 million. The Board remains confident that the exposures arising from these historic events are manageable and do not undermine the delivery of the Group's strategy. A separate announcement on trading will also be released today.

Further updates will be made if there are any significant developments or our estimate of the financial exposure was to materially change.

Enquiries

Trinity Mirror
Simon Fox, Chief Executive Vijay Vaghela, Group Finance Director		020 7293 3553
Brunswick
Mike Smith		020 7404 5959
Jon Drage

 

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