10796
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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
STRFFLFFWFISEDE