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The actions of Johnston Press have exploded amid speculation about its future, but society issued a statement stating that she did not know the reason for the movement of stock prices.
The publisher's shares soared more than 70 percent Thursday afternoon, after reports suggesting that the board could put the company into administration.
Johnston Press tries to refinance its bonds, but has not received external proposals In a statement, the company said: "The Johnston Press Board of Directors notes the rising price of the company. The company continues to explore a number of strategic options for the restructuring or refinancing of its obligations and the company 's actions today. confirms that no agreement on these potential options has been reached. "
The publisher of The Scotsman and the Yorkshire Post confirmed that he had received a letter Friday from Custos Group , which holds more than 20% of Johnston Press,
The confirmation It comes after the Custos group, led by Norwegian entrepreneur Christen Ager-Hanssen, said that there were rumors that Johnston Press was to be put into administration
Ager-Hanssen would have liked to know if Johnston The press council opted for a pre-packaging administration, and said that he was a potential bidder for the case.
Johnston Express means to refinance 220 million debt that becomes repayable in June next year.
Golden Press holds the majority of the debt owed by Johnston Press.
Johnston Press recently reported a new round of cost reductions, indicating that a difficult market has put pressure on revenues, which have fallen by nearly 10% in 2017.
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