On 2 September, O'Brien requested an EGM, which, among other issues, would debate the removal of Dr Brian Hillery as IN&M chairman and the appointment of a new senior independent director in place of Baroness Margaret Jay.
He also demanded a vote on the sale or closure of The Independent, and, wanted a vote on IN&M's plans to sell off its South African outdoor firm, INM Outdoor.
However, IN&M has ceded only to O'Brien's demands for a vote on the removal of Hillery as chairman and a vote on the appointment of a new senior independent director in place of Baroness Jay.
A vote regarding INM Outdoor will be the subject of a separate, dedicated EGM, IN&M, although no date was released.
Today's move by IN&M follows news that O'Brien has proposed to inject £90m of his own cash into the company to persuade shareholders and lenders to accept his alternative financial restructuring plan for the company. O'Brien's proposal to the banks would involve both The Independent and The Independent on Sunday closing down.
His proposal comes as IN&M's board is thought to be proceeding with plans to issue bondholders with new shares as part-payment for their debts, which would dilute the share holding of its principal two shareholders, former chief executive Antony O'Reilly and second-biggest shareholder Denis O'Brien.
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