6th Nov 2014 08:01
LONDON (Alliance News) - UBM PLC Thursday announced a GBP565 million rights issue to help pay for its GBP608 million acquisition of Advanstar Communications, saying it will offer four new shares at 287 pence for every five existing shares.
UBM said the rights issue will result in 196.7 million new shares being issued, about 80% of its existing share capital.
By Steve McGrath; [email protected]; @stevemcgrath1
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