Shareholders also came out in favour of INM's planned rights issue that will enable it to raise funds to pay off a EUR200 million bond.
The Week: City News - INM restructure approved
Shareholders in Independent News & Media, the Irish owner of The Independent and The Independent on Sunday, have backed a restructuring plan that will begin with a debt-for-equity swap, leaving bondholders with 46 per cent of the company, worth EUR122 million.