1st Jul 2008 07:00
1 July 2008 Application for listing of United Business Media Limited ordinary shares
United Business Media Limited ("UBM") announces that an application has been made to the UK Listing Authority and to the London Stock Exchange for 243,821,755 ordinary shares of 3371¢â€ž88 pence each in the capital of UBM to be admitted to the Official List and to trading on the London Stock Exchange. Dealings will commence today at 8.00 a.m. (BST).
As announced on 20 June 2008, the High Court has sanctioned the Scheme of Arrangement made between United Business Media plc and its ordinary shareholders. Under the terms of the scheme, UBM will issue ordinary shares to former holders of ordinary shares in United Business Media plc on a one for one basis.
Application has also been made for a blocklisting amounting in aggregate to 3,770,000 ordinary shares of 3371¢â€ž88 pence each in the capital of UBM, relating to the United Business Media executive share option schemes and the United Business Media sharesave plans.
Shortly after this announcement has been made, it is intended that United Business Media plc will be re-registered as a private company, wholly owned by UBM, and the listing of United Business Media plc's ordinary shares of 3371¢â€ž88 pence each on the Official List will be cancelled as of 8.00 a.m. (BST) today.
As previously announced, the listing of United Business Media plc's B shares will also be cancelled as of 8.00 a.m. (BST) today.
- Ends - ContactsMedia Peter Bancroft Director of Communications E-mail [email protected] Direct telephone +44 20 7921 5961 Chris Barrie Citigate Dewe Rogerson E-mail [email protected] Direct telephone +44 20 7282 2943 Mobile +44 796 872 72 89 Analysts/Investors Email [email protected] Direct telephone +44 20 7921 5095 Nigel Wilson +44 20 7921 5019 Andrew Crow +44 20 7921 5940 Notes to Editors
About United Business Media
United Business Media is a leading global business media company. We inform markets and bring the world's buyers and sellers together at events, online, in print, and with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewellery traders, from farmers to pharmacists around the world. Our 5,000 staff in more than 30 countries are organised into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently. For more information, go to www.unitedbusinessmedia.com.
Merrill Lynch International is acting as sponsor for UBM's listing and as corporate broker to UBM and United Business Media plc. Merrill Lynch International is acting for UBM and United Business Media plc and no one else in connection with the proposals and will not be responsible to anyone other than UBM and United Business Media plc for providing the protections afforded to its clients or for providing advice in relation to the proposals or the contents of this announcement.
Terms used in this announcement shall have the same meaning given to them in the circular sent to the shareholders of United Business Media plc dated 9 May 2008, unless the context otherwise requires.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION OR OFFER TO SELL OR THE SOLICITATION OF AN INVITATION OR OFFER TO BUY ANY SECURITY. NONE OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT SHALL BE SOLD, ISSUED, EXCHANGED OR TRANSFERRED IN ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAWS.
NOTICE TO UNITED STATES RESIDENTS
This announcement is not an offer of securities in the United States.
The New UBM Shares to be issued in connection with the proposals will not be, and are not required to be, registered with the US Securities and Exchange Commission under the US Securities Act of 1933, as amended, in reliance on the exemption from registration provided by Section 3(a)(10) thereof.
vendorRelated Shares:
UBM