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56-587: Irish assets are held in Independent News & Media subsidiary. The headquarters of Mediahuis is in Antwerp . Mediahuis was founded in January 2014 as a joint venture of two Flemish media corporations: Corelio and Concentra. They entered into a collaboration around their paper and digital publishing activities. Corelio took 62% of the shares, Concentra the remaining 38%. In 2015, Mediahuis acquired

112-446: A combined total of €700 at IPO. Total fund raising in 2014 of listed companies was €1.7 billion. The ISE offers domestic and international membership for trading in shares, ETFs , Irish Government bonds and other securities using world-class, easily accessible and cost-effective trading and post-trade infrastructure. The ISE's electronic processing system is called ISE Xetra and is provided in partnership with Deutsche Börse since

168-796: A domestic securities industry centred on the Irish Stock Exchange generates €207 million in estimated direct economic impact (measured in Gross Value Added or GDP) and €230 million in direct tax for the Irish exchequer (including stamp duty on trading in Irish shares). The exchange is regulated by the Central Bank of Ireland under the Markets in Financial Instruments Regulations ( MiFID ) and

224-611: A failure of openness, transparency and fairness can only serve to undermine confidence in the complaints process, forcing those with grievances into the courts. Such a course of action is not in the interest of any of the stakeholders.” In April 2010, Financial Regulator at the Central Bank of Ireland told the same committee that "senior management of the exchange should step up to the plate" after failing to help charities, credit unions and rich individuals who received letters informing them that many investments made by stockbrokers over

280-1011: A new full-colour Goss printing press facility in Newry , County Down. The press the Goss Flexible Printing System known as the FPS was the first FPS sold by Goss Preston. Until 2013, the group was the second biggest newspaper publisher in South Africa, owning 14 newspapers including The Star and Pretoria News in Gauteng , the Daily Voice , Cape Times , Cape Argus and Weekend Argus in Cape Town , The Mercury , Post , Isolezwe , Daily News , Sunday Tribune and Independent on Saturday in Durban ,

336-700: A stake in APN News & Media Limited, a large newspaper publisher in Australia and New Zealand, which owns The New Zealand Herald and other newspapers, and is listed on the Australian Securities Exchange . On 12 February 2007, INM announced that the board of APN had recommended an all-cash revised offer of A$ 6.10 per share for the entire issued share capital of APN. The subsequent bid to take APN News & Media Ltd private in May 2007

392-535: Is a Belgian/Dutch-owned media organisation that is based in Dublin and publishes national daily newspapers, Sunday newspapers, regional newspapers and operates multiple websites including Independent.ie. Mediahuis Ireland operates throughout Ireland . Its titles include the highest circulation daily and Sunday papers in Ireland. Mediahuis Ireland is a wholly owned subsidiary of Mediahuis . The INM group of companies

448-780: Is a member of the World Federation of Exchanges and the Federation of European Stock Exchanges. The Irish Stock Exchange was first recognised by legislation in 1799 when the Irish Parliament passed the Stock Exchange (Dublin) Act 1799 (39 Geo. 3. c. 60 (I)). The exchange originally operated from the Royal Exchange and was built so that businessmen could sell goods and commodities and trade bills of exchange . In different periods of its history,

504-588: Is endorsed by the Regulatory Oversight Committee (ROC) and sponsored by the Central Bank of Ireland as a Local Operating Unit (LOU) for the processing of Legal Entity Identifier (LEI) services for Ireland. LEIs are codes designed to create a global reference data system that uniquely identifies every legal entity or structure, in any jurisdiction, that is party to a financial transaction. Businesses may apply for an LEI code through ISEdirect . LEIs were brought in by global regulators as part of

560-555: Is the #1 centre for listing investment funds and Exchange Traded Funds (ETFs) globally according to statistics released by the World Federation of Exchanges (WFE), with 1,041 new fund classes admitted in 2016. Global investment managers can choose from one of two markets when listings funds: the MSM or GEM. Notable investment managers listing funds on ISE markets include Tideway, BNY Mellon, PIMCO and Fidelity Investments. In 2014

616-714: Is the official source of market data on ISE markets and publishes a range of market indices. The published index of shares is known as the Irish Stock Exchange Quotient or ISEQ Overall Index. Other equity indexes of the exchange include the ISEQ ESM Index, the ISEQ 20 , the ISEQ General, ISEQ SmallCap, and ISEQ Financial. The ISE also has two other ISEQ 20 based indices, the ISEQ 20 Capped Index and

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672-490: Is working with their Chinese allies—ruling party to ruling party, in the way the Chinese government so often works—to increase their influence in our local media and counter what they view as a hostile media sector." Bloomberg reported that Denis O'Brien met Jacob Zuma, president of South Africa, during a private meeting at the hotel on 24 January 2013. He also met the broker negotiating the sale of INM SA. The company owned

728-621: The Stock Exchange Act 1995 (No. 9) it became independent again and in April 2014 it demutualised changing its corporate structure and becoming a plc which is owned by a number of stockbroking firms. At the time of its demutualisation, the country's main stockbrokers received shares in the €56m-valued exchange and dividing up €26m in excess cash. Davy Stockbrokers took the largest stake, at 37.5 per cent, followed by Goodbody Stockbrokers with 26.2 per cent; Investec with 18 per cent;

784-850: The Diamond Fields Advertiser in Kimberley , as well as the national Sunday Independent and 13 community newspapers in Cape Town. The group's titles account for 48% of the total advertising spend in paid newspapers, 22% of all newspapers sold in the country, and 63% of the English language market. In mid-2012, speculation began that INM would sell their South African operation. This was later confirmed. INM had initially hoped for 250 million EUR for INM SA, however bids came in at around 150 million EUR. Cape Town businessman Iqbal Surve's Sekunjalo Investments consortium were

840-536: The Irish Independent and the Sunday Independent (Ireland) , respectively Ireland's top-selling daily and Sunday newspaper, among other assets. In July 2019, Mediahuis were reported to be interested in acquiring JPIMedia . In September 2020, Mediahuis acquired the heavily loss-making NDC Mediagroep . In May 2023, Mediahuis acquired leading EU affairs media outlet EURACTIV , which became

896-629: The Mediahuis offer. On 10 June 2019, the CCPC, who are the Irish competition authority, approved the acquisition. On 28 June 2019, the acquisition received approval of shareholders. The acquisition was then subject to the approval of the Minister for Communications and the sanction of the High Court, as it was executed by way of a scheme of arrangement. On 16 July 2019, it was announced that

952-475: The Tribune , and included €85 million from APN (whereas a proportionate share of profit would have been, at that time, €32 million). There have also been questions about APN, which was acquired in transactions involving both the group and the O'Reilly family, and profited the latter greatly, and about the massive level of group debt (over €1.3 billion). Furthermore, there have been complaints about

1008-880: The Dutch NRC Media group. In 2017 it acquired the Dutch Telegraaf Media Groep and VP Exploitatie joined as third shareholder. It took 16.7% of the enlarged group. In January 2019, majority shareholder Corelio NV became Mediahuis Partners NV, holding a 50.6% stake in Mediahuis, along with Concentra (32.7%) and VP Exploitatie (16.7%). These three shareholders are in turn mainly owned by the Van Puijenbroek family, Belgian Baert family and Mediahuis chairman Thomas Leysen . On 30 April 2019 Mediahuis acquired Independent News & Media for 145.6 million euros, which gave Mediahuis control over

1064-700: The Global Exchange Market (GEM), a specialist debt market for professional investors and the Atlantic Securities Market (ASM), a market dedicated to companies who wish to dual list in Ireland and the United States. There are currently 50 companies with shares listed on the markets of the Irish Stock Exchange. There are three markets on which for companies to list equities on the ISE: In 2016, 11 companies trading on

1120-620: The ISE closed its trading floor in Anglesea Street (a listed building) Dublin 2 on 6 June 2000. Shares trading on the ISE are settled by Euroclear UK & Ireland via the CREST system and cleared by Eurex Clearing AG. The ISE is the main centre of liquidity in Irish shares. The company with the highest turnover on the ISE in 2016 was CRH. This was followed Ryanair, Paddy Power Betfair , Bank of Ireland and Kerry Group . Trading volumes on

1176-787: The ISE included a number of regional exchanges, including the Cork and Dublin exchanges. In 1973, the Irish exchange merged with British and other Irish stock exchanges becoming part of the International Stock Exchange of Great Britain and Ireland (now called the London Stock Exchange ). In 1837, Samuel Lewis records the stock exchange offices as having moved from the Royal Exchange to the Commercial Buildings on Dame Street, close to

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1232-508: The ISE launched ISEFundHub, an information portal for funds listed on the ISE and funds domiciled in Ireland. The portal displays important information such as fund net asset values (NAVs) and key fund documents as well as extensive performance-based analytics. The service is offered by the ISE in partnership with FundConnect, a Danish-based funds infrastructure provider in the European market. Legal Entity Identifier (LEI) services The ISE

1288-739: The ISE raised €513m in equity funds from international investors. New equity listings in 2016 came from Venn Life Sciences, Draper Esprit, and Dalata Hotel Group, which transferred its listing from the ESM to a primary listing on the MSM in June 2016. In 2015 the largest biotech ever to IPO in Europe took place on the ISE when Malin Corporation, the Irish-based global life sciences company, raised €330m from international investors in an exclusive listing on

1344-404: The ISE. Three other IPOs took place in 2015 raising a further €650m: Applegreen, Permanent TSB and Hostelworld. In 2014 three companies joined the ISE's markets: Dalata Hotel Group, the largest hotel operator in Ireland, Irish Residential Properties REIT plc, the first residentially focused REIT to list in Ireland and Mainstay Medical, an Irish medical device company. These three companies raised

1400-404: The ISEQ 20 Leveraged Strategy Index. The ISE also publishes a range of bond indices. Announcement services The ISE files and publish regulatory documents and announcements for issuers enabling them to comply with their regulatory obligations. Two reports of an investigation into the "wholly inappropriate sale of perpetual bonds" by Davy Stockbrokers to credit unions failed to involve any of

1456-761: The Murphy and Chance families, and was later forced to bid for the "B" (non-voting) shares. The company was subsequently floated on the Irish Stock Exchange and London Stock Exchange . The group expanded overseas, acquiring interests in the UK, Australia, New Zealand, and South Africa. In 1999, the company name was changed to Independent News and Media plc. O'Reilly was CEO until early 2009, one of his sons, formerly COO, Gavin O'Reilly, became CEO in early 2009, and two others were non-executive directors for many years. O'Reilly himself resigned as CEO on 19 April 2012 and

1512-639: The company's first international media platform acquisition. Mediahuis Nederlands started as the NV Holdingmaatschappij De Telegraaf and was later coined Telegraaf Media Groep N.V. ( TMG ). In 2017 it was acquired by Mediahuis. It owns De Telegraaf , the most popular newspaper in the Netherlands, DFT, Telesport, Metro, Autovisie, Privé and Vrouw; regional newspapers including Haarlems Dagblad and Noordhollands Dagblad ; digital brands including GeenStijl and Dumpert, and

1568-487: The controlling stake in the latter later being sold to a Japanese firm. The company formerly held a 50% stake in Chorus Communications , the second largest cable television and MMDS operator in Ireland, having acquired this with a merger between Cable Management Ireland, and their own Irish Multichannel. However this was sold in 2004. The chief executive is Marc Vangeel having succeeded Michael Doorly in

1624-483: The controversy surrounding INM director Brian Mulroney has also been criticised. Mulroney was the subject of an inquiry by Canadian Privy Council because of his part in a scandal involving the purchase of Airbus by Air Canada, and also his relationship to German arms dealer Karlheinz Schreiber . The group's relationship with a variety of entertainment and public relationships firms via Clear Channel Independent has also been seen as problematic. Independent News and Media

1680-549: The court hearing would be on 30 July 2019. On 29 July 2019, Richard Bruton, the Minister for Communications, "unconditionally" cleared the proposed deal. On 30 July 2019, court approval was received for the deal. Trading of INM shares on Euronext Dublin (formerly the Irish Stock Exchange) and the London Stock Exchange was suspended, with the cancellation of shares taking effect on 1 August. INM

1736-479: The credit unions affected, leaving them "in the dark and powerless to add any value to the findings of this investigation". The ISE, who have Davy as one of its largest shareholders, then declined to give them access to the reports. The chairman of one of the Credit Union's who suffered large losses told his members “The failure to publish the reports is to place the complaints process in a shroud of secrecy. Such

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1792-504: The exchange in 2011 were about a quarter of the 2007 peak. In June 2012, following the collapse of a stockbroker, the Sunday Independent asked "Will there even be a stand-alone Irish equity market in five years' time? The omens are not good." However this has proven not to be the case as in 2016 the number of equity trades had increased by 17.4% to 6.6m, up from 5.6m in 2015, the first time trading has reached over 6m trades and

1848-413: The exchange is used by over 4,000 issuers from more than 85 countries to raise funds and access international investors. A study by Indecon (international economic consultants) published in 2014 on the Irish Stock Exchange found that having a local stock market and securities industry directly supports 2,100 jobs in Ireland and is worth €207 million each year to the Irish economy. It also found that having

1904-410: The free daily newspaper Metro , which folded in 2019. In 2016, TMG held a 23% stake in a joint venture with Talpa Holding , operating radio stations Radio 538 , Sky Radio , Radio Veronica , Radio 10 and thematic channels (only on Internet). In addition, the television channel TV 538 . Independent News %26 Media Mediahuis Ireland (formerly Independent News and Media , or INM )

1960-583: The frontrunners to purchase INM SA. Initially Sekunjalo was set to take a 75% stake in the consortium, but this was changed to 55%, with the remainder going to two government entities. The first of these is the investment arm of the SA government, and the second, an investment arm of the Chinese government. Commenting on the deal University of the Witwatersrand journalism professor Anton Harber said that "the ANC

2016-403: The holding company was held by Clear Channel Communications , transferred in return for control of a South African outdoor advertising firm. On 26 April 2013, INM announced it had concluded a deal with its bankers to exchange part of its debt for up to 20 percent of equity. The deal was subject to the sale of its South African newspapers, a reduction in staff levels of 10%, a capital raising, and

2072-526: The initial investment INM deepened its involvement by buying 20% of the radio business of Dainik Jagran. The intention is to establish eight radio stations in the so-called "Hindi Belt". In August 2010, INM sold its entire stake in Dainik Jagran. INM no longer have any Indian interests. INM also held stakes in the Unison ISP and the iTouch electronic payments and premium rate telecoms operator,

2128-522: The level of power of the O'Reilly family, the independence or otherwise of the board, and about the costs of O'Reilly as CEO, with second-largest shareholder Denis O'Brien and others having noted travel costs from O'Reilly's primary home in the Bahamas , company payments towards his now second home in Kilcullen , near Dublin, on top of large salary and other contributions. The groups' failure to cover

2184-532: The listing of debt securities: the Global Exchange Market (GEM), an exchange-regulated market and multilateral trading facility (MTF), for banks, companies and sovereigns listing debt, and the Main Securities Market (MSM). Major global companies listing debt on ISE's markets include Vodafone plc , Whirlpool , Canada Pension Plan Investment Board , Kingdom of Saudi Arabia, Barclays , Goldman Sachs , Ryanair , Coca-Cola and Ferrari . The ISE

2240-427: The national radio station Classic FM . In addition, Mediahuis Nederland owns dozens of other brands that focus on local news, entertainment and e-commerce. Via Keesing Media Group publishes international puzzle magazines and digital puzzles. TMG acquired the weblog GeenStijl after initially buying an interest and Hyves , at that time still the most popular social network site in the Netherlands. In 2012, TMG acquired

2296-732: The next decade. In 1993, the group bought into the now defunct Sunday Tribune , in which it owned 98% of the issued share capital and over which it has considerable influence. As INM technically only held 29.9% of voting shares and so lacked management control, it did not consolidate the results of the Tribune , which is loss-making, with accumulated losses of around €45 million since acquisition. The Tribune went in to administration and closed in February 2011. The group launched Independent Colleges, which has its base on Dublin's Dawson Street, in 2007, and sold its education division in 2014. The Irish Daily Star , formerly 50% owned by INM,

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2352-456: The past decade are now worthless. The Central Bank began an unprecedented investigation into the entire stockbroking community in December 2011. The 12-month-long investigation found "major problems" and that there would have to be mergers of firms to ensure the industry survives. This merger process will have to be done in a controlled way – because any instability in the sector could pose

2408-584: The present day offices of the stock exchange at Anglesea Street in Temple Bar, stating that: "the increase in commercial business since the erection of this building having required additional accommodation in a situation more convenient for mercantile transactions, the Exchange has been gradually deserted and the meetings held there transferred to the Commercial Buildings in College-green". Under

2464-564: The response to the global financial crisis. International Securities Identity Number (ISIN) services An International Securities Identity Number ( ISIN ) is a code that uniquely identifies a specific securities issue. The ISE is the National Numbering Agency in Ireland for ISIN codes and is a member of the global industry body the Association of National Numbering Agencies (ANNA). Information services The ISE

2520-543: The restructuring of the company's pension plan. In 2019, it was reported that INM was up for sale. According to reports, suitors include Schibsted , Sanoma Media and a private equity firm. In April 2019, it was reported that INM had accepted an ownership bid of €145.6 million from Belgian media group Mediahuis . The offer was subject to acceptance by shareholders at an EGM, competition authority approval and government approval. In May 2019, Mediahuis increased their stake to 29.9%. An EGM held on 26 June 2019 approved

2576-500: The role on 1 August 2019. The chairman is Murdoch MacLennan . The group website is inm.ie. There have been questions about the policy of not consolidating the 98%-owned but loss-making Sunday Tribune , and on the other hand the practice of consolidating entirely the massively profitable APN News & Media , which was less than 41%-owned. In the half-year to June 2007, for example, the group reported operating profits of €155 million—but this excluded €1.5 million of losses from

2632-427: The sixth consecutive year of growth in trade numbers. The ISE is among the leading centres globally for the listing of debt securities with statistics showing debt listings growing by more than 7% in 2016 to reach over 29,000 securities. The ISE was ranked at #2 among global exchanges according to rankings released by the World Federation of Exchanges (WFE) at the end of December 2016. The ISE offers two markets for

2688-437: The survey. Irish Stock Exchange Euronext Dublin (formerly the Irish Stock Exchange , ISE ; Irish : Stocmhalartán na hÉireann ) is Ireland's main stock exchange , and has been in existence since 1793. The Euronext Dublin lists debt and fund securities and is used as a European gateway exchange for companies seeking to access investors in Europe and beyond. With over 35,000 securities listed on its markets,

2744-536: The then Royal Bank of Scotland Group 6.3 per cent; Cantor Fitzgerald 6 per cent; and Campbell O’Connor with 6 per cent. In March 2018, Euronext completed the purchase of the ISE, and renamed the ISE as Euronext Dublin . The Irish Stock Exchange operates four markets – the Main Securities Market, the principal market for Irish and overseas companies; the Enterprise Securities Market (ESM), an equity market designed for growth companies;

2800-556: Was announced that Independent News & Media had reached an agreement to sell their 50% stake in Independent Star to Reach plc . The agreement was subject to competition authority approval and was cleared by CCPC, the Irish competition authority and the Minister for Communications on 20 November 2020. The deal became effective in December 2020. In March 2023, a redundancy programme was announced. In April 2023, Mediahuis CEO said that daily newspapers would disappear inside

2856-403: Was dominated by Tony O'Reilly and his family between 1973 and 2012. Thereafter Denis O'Brien was the largest shareholder in Independent News & Media until April 2019. The company was formed as Independent Newspapers Limited in 1904 by William Martin Murphy , as the publisher of the Irish Independent . In 1973, (Sir) Tony O'Reilly acquired 100% of the "A" shares of the company from

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2912-436: Was identified by the National Union of Journalists (NUJ) as an employer where "bullying" and "lack of support" was rampant. The survey said 93% of the respondent claimed they didn't receive proper support from the management and 20% of them complained of bullying at work. The survey also claimed 96% of the respondent complained that they had to work overtime and 55% of them said they were forced to do so. INM declined to comment on

2968-402: Was replaced by Vincent Crowley. O'Reilly had come under pressure in recent months from two of INM's largest shareholders, billionaire Denis O'Brien and financier Dermot Desmond . In May 2012, Irish entrepreneur Denis O'Brien held a 29.9% stake in the company, making him the largest shareholder at the time. This compared to O'Reilly's family stake of around 13% (June 2012). Five per cent of

3024-454: Was sold to Reach plc , parent of the Daily Star in the UK, in 2020. In 2022, the Fingal Independent was closed. The Independent (of London) was bought for around €100 million in 1997 and up until March 2010 the title had made cumulative losses of least €150 million. The Independent and the Independent on Sunday newspapers were sold to a company controlled by Alexander Lebedev in March 2010. During 2007, INM opened

3080-477: Was then re-regisrered as a private limited company. The process to buy up all of INM's outstanding shares from around 7,000 shareholders took place until the end of August 2019. In October 2019, it was reported that INM were closing their CityWest print plant. In November 2019, it was announced that Mediahuis plans to transfer €60m to Belgian parent from INM. In July 2020, it was reported that INM had acquired motor data company Cartell.ie. In July 2020, it

3136-417: Was unsuccessful. INL owned approximately 30% of APN at mid-2012 and sold it by March 2015. INM previously entered into the Indian market, purchasing 20% of Dainik Jagran , the publishing company behind India's best-selling paper. This market has been identified by INM as being a key element of its move into non-English speaking media markets with huge growth opportunities and potential for advancement. Since

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