10616
RNS Number : 2271P
Trinity Mirror PLC
04 June 2015
 



 

 

 

 

Trinity Mirror plc

4 June 2015

 

 

Update in relation to phone hacking

 

Further to our announcement on 21 May 2015, we confirm that our subsidiary, MGN Limited will be seeking permission to appeal the judgment handed down by Mr Justice Mann on 21 May 2015 following the civil trial for the assessment of damages for 8 representative claimants arising from phone hacking.

 

MGN Limited has already accepted that it should pay appropriate compensation to individuals who were the target of phone hacking.  However, we believe that the basis used for calculating damages in the judgment is incorrect and the amounts awarded by the Judge are excessive and disproportionate.

 

There remains uncertainty as to how matters will progress.  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

Elizabeth Holloway, Corporate Communications

020 7293 3553

 

Brunswick

 

Mike Smith

020 7404 5959

Jon Drage

 

 


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