“But 26 per cent stakeholder O’Reilly said that as the company’s debt-pile exceeds £1bn, the proposed solution is like “putting a band aid on a problem that needs major surgery”.”
“The proposal – drawn up by INM’s other major stakeholder and former chief executive Sir Anthony O’Reilly – would see the €200m bond repaid through a €60m deeply discounted rights issue, €50m from ass…”
