18th Oct 2005 16:18
18th October 2005 UNITED BUSINESS MEDIA ANNOUNCES US$ 78.75m CONVERTIBLE BONDS BUY BACK United Business Media (UBM), today announces that it has repurchased anaggregate principal amount of US$ 78.75m of the $400m 2.375% GuaranteedConvertible Bonds due 2006, issued by its subsidiary, United Business Media(Jersey) Limited, for an aggregate price of approximately US$ 93.7m excludingaccrued interest. The bonds purchased, representing approximately 19.7% of theinitial amount will be cancelled. Following this, and prior repurchases of US$61.4m, the outstanding amount of the bonds will be US$ 259.85m.Notes to Editors:In June 2005 UBM returned approximately ‚£300m to shareholders by way of aspecial dividend. In addition, in 2005 UBM has purchased for cancellationapproximately 3 million ordinary shares. END EnquiriesPressSusan Donovan Director of CommunicationsE-mail [email protected] telephone 0207 921 5961Mobile 0777 580 8185Chris Barrie Citigate Dewe RogersonE-mail [email protected] telephone 0207 282 2943Mobile 0796 872 72 89Simon Rigby Citigate Dewe RogersonE-mail [email protected] telephone 0207 282 2847Mobile 0777 178 4446AnalystsCatherine Southgate Head of Investor RelationsEmail [email protected] telephone 0207 921 5031Mobile 0771 046 8996Brett Jacobs Citigate Dewe RogersonEmail [email protected] telephone 0207 282 2971Mobile 0776 465 5423BackgroundUnited Business Media plc (http://www.unitedbusinessmedia.com)United Business Media plc offers information services in news distribution,publishing and events to customers around the globe. Its brands include PRNewswire, the world's leading corporate news distribution service; and CMP, themagazines, exhibitions and online group for professionals and enthusiastsoperating in a wide range of trading markets in the US, UK, Asia and Europeincluding the high tech, healthcare, property, entertainment, jewellery andfashion industries.Operating Companies:UBM's publishing and events companies operate under the CMP name: CMP Mediabased in the US, CMP Asia based in Asia, CMPMedica in Healthcare markets inEurope and Asia and CMP Information based in the UK. UBM's news distributionbusiness PR Newswire operates globally, from a US base.CustomersUBM's market leading - typically ranked number one or two - products serve topblue chip clients in all their end markets including:-Microsoft, Hewlett Packard, IBM, Astra Zeneca, Forest Laboratories, Pfizer/Pharmacia, Merck & Co, GlaxoSmithKline, Cisco, Toyo Shinaku, India TradePromotions Organisation, China Chamber of Commerce, Sinopharm, Incase, EdelmanWorldwide, Porter Novelli, Fleishman Hillard, NASA.Product CategoriesPublications- Over 160 magazines, 110 countries, 4m readers, 4,500 advertisersEvents- Over 300 events, 1.3m visitors, 20,000 exhibitors, from 120 countriesDirectories- Over 50 directories, over 750 thousand recipients, in over 40 countriesOnline * Over 200 websites, 22 million page impressions News Distribution- Over 180,000 messages distributed to tens of thousands of media points in 135countries and in more than 150 languages- Over 80,000 journalists registered on media-only Web site with 1millionreleases viewed monthly- Over 460,000 journalists profiled in media targeting database- Over 10,000 print and more than 12,000 online sources, including websites,blogs and databases monitored- Over 150 queries distributed to more than 12,000 public relations andinformation officers from reporters researching stories- Leading broadcast public relations and multimedia company Product BrandsCMP Mediawww.cmpmedia.comInformation Week, CRN, EE Times, Network Computing, VARBusiness, TechWeb,Consultant Magazine, Game Developer Conference, Embedded Systems Conference,Xchange Conferences, Guitar Player, Health & Beauty America, Seatrade CruiseShipping ConventionCMP Informationwww.cmpinformation.comCPHI, Building, Furniture Show, Property Week, Farmer's Guardian, FIE, Ifsec,Health & Safety, Pulse, Daltons Weekly, Trade It, Trader, Opportunities,Private Villas, This Caring Business, ECMCMPMedicawww.cmpmedica.comVidal, Journal du Medicin, Gelbeliste, Vademecum, Medical Observer, Carnets deSante, MIMS, Kassenarzt, Medex, MedServe/CMP Asiawww.cmpasia.comAsia Pacific Leather Fair, Cosmoprof Asia, China Furniture Fair, Hong KongJewellery and Watch Fair, Health Industry News, Jewellery News Asia, TokyoIntnl Health Industry Show.PR Newswirehttp://www.prnewswire.com/PR Newswire's leading services include ProfNet ExpertsSM, eWatchTM,MEDIAtlasTM, NewsPromptTM, Search Engine Visibility (SEV), MediaRoomTM,MediaSenseTM and MultiVuTM.ENDUNITED BUSINESS MEDIA PLCRelated Shares:
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