Irish Daily Mail arm set to pay parent €12.2m dividend

Associated Newspapers Ireland recently reduced its share capital to €1 which would facilitate the payout

Associated Newspapers Ireland, the company which operates the Daily Mail group’s newspaper and digital brands, recently reduced its share capital from €12.25 million to €1, which will enable the company to pay dividends at some point in the future

The Daily Mail group in Ireland is preparing for a €12.2 million dividend payout to its British parent company, fresh company filings show.

Associated Newspapers Ireland, the company which operates the publisher’s newspaper and digital brands, recently reduced its share capital from €12.25 million to €1, which will enable the company to pay dividends at some point in the future.

Documents filed show that the company’s overall reserves would be boosted by the transaction to ...