BoI buys more media shares

BANK of Ireland Asset Management has increased its share-holding in Irish Independent owner Independent News and Media, the company told the stock exchange yesterday.

BOIAM now holds 64,295,732 shares in INM, which represents 11.18% of the shares, up 2.78% from the 8.4% of the company BOIAM held earlier this year.

The BOIAM shares are held as registered owner only on behalf of clients, who are each the beneficial owner of a portion of the share-holding.