17th Oct 2005 11:27
17 October 2005 United Business Media plc announces bond tender offer results United Business Media plc (the "Company") announced today the results of itsoffer to purchase for cash any and all of its USD 250,000,000 7.75% Notes due 1July 2009 (ISIN: US911202AB50) (the "Notes"), of which USD 185,000,000 wereoutstanding, as of 5 October 2005, the date on which the offer commenced.As of the expiration time, Friday 14 October at 5pm New York City Time, thecompany had received, and accepted, valid tenders for USD 138,605,000 principalamount of the Notes. Following the completion of the tender offer, and priorrepurchases by the Company, USD 46,395,000 of the Notes remain outstanding. Thecompany funded the purchase of Notes in the offer, including payment of allaccrued and unpaid interest on the Notes, and all fees and expenses inconnection therewith, from available resources.JPMorgan Cazenove acted as sole Dealer Manager for this transaction:J.P.Morgan Securities Ltd. J.P. Morgan Securities Inc. Liability Management Group - John Liability Management Group - Alykhan Cavanagh Lalani Tel: + 44 20 7742 7506 Tel: + 1 866 834 4666 ( US toll free) or + 1 212 834 4802 JPMorganChase acted as Tender Agent:JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. Edmond Leedham Lesley Daley Tel: +44 20 7777 9458/9467 Tel: +1 212 623 5175 Offer RestrictionsThe Tender Offer did not constitute an offer to buy or the solicitation of anoffer to sell Notes, and offers to sell were not accepted from Holders of theNotes, in any jurisdiction in which such offer or solicitation is unlawful. Inthose jurisdictions where the securities or other laws required the TenderOffer to be made by a licensed broker or dealer, the Tender Offer shall bedeemed to have been made on behalf of the Company by the Dealer Manager or oneor more registered brokers or dealers licensed under the laws of suchjurisdiction. Neither the delivery of the Offer to Purchase nor any purchase ofNotes shall, under any circumstances, create any implication that there hasbeen no change in the affairs of the Company since the date hereof, or that theinformation herein is correct as of any time subsequent to the date hereof.United KingdomThe Offer to Purchase was only for circulation to persons outside the UnitedKingdom, persons within the United Kingdom falling within the definition ofInvestment Professionals (as defined in Article 19(5) of the Financial Servicesand Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or withinArticle 43 of the Order) or other persons to whom it may lawfully becommunicated in accordance with the Order.ItalyThe Tender Offer was not being made in the Republic of Italy. The Tender Offerand the Offer to Purchase have not been submitted to the clearance procedure ofthe Commissione Nazionale per le Societƒ e la Borsa (CONSOB) pursuant toItalian laws and regulations. Accordingly, Holders of Notes are hereby notifiedthat, to the extent such Holders are Italian residents and/or persons locatedin the Republic of Italy, the Tender Offer has not been available to them andthey have not been able to submit for tender of Notes in the Tender Offer and,as such, any acceptance of the Tender Offer received from such persons has beenineffective and void, and neither the Offer to Purchase nor any other offeringmaterial relating to the Tender Offer, or the Notes have been distributed ormade available in the Republic of Italy.BelgiumIn Belgium, the Tender Offer was not, directly or indirectly, made to, or forthe account of, any person other than to professional or institutionalinvestors referred to in article 3, 2‚° of the Belgian royal decree of July 7,1999 on the public character of financial operations (the "Public Decree"),each acting on their own account. The Offer to Purchase has not been and willnot be submitted to nor approved by the Belgian Banking, Finance and InsuranceCommission (Commission Bancaire, Financiƒ¨re et des Assurances/Commissie voorhet Bank, Financie en assurantiewezen) and accordingly has not been used inconnection with any offer in Belgium except as may otherwise be permitted bylaw.FranceThe Tender Offer was not made, directly or indirectly, by way of a publicoffering in France (appel public ƒ l'ƒ©pargne) and only providers of investmentservices relating to portfolio management for the account of third parties(personnes fournissant le service d'investissement de gestion de portefeuillepour compte de tiers) and/or qualified investors (investisseurs qualifiƒ©s), allas defined in Articles L.411-1, L.411-2 and D.411-1 of the French Codemonƒ©taire et financier were eligible to accept the Tender Offer. The Offer toPurchase has not been and will not be submitted to nor approved by theAuthoritƒ© des marchƒ©s financiers. 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 Investor Relations ManagerEmail [email protected] telephone 0207 921 5040Mobile 0772 007 2288Brett 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, Novartis, Cisco, Toyo Shinaku, IndiaTrade Promotions Organisation, China Chamber of Commerce, Sinopharm, Incase,Edelman Worldwide, 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 impressionsNews 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 Newswirewww.prnewswire.comMultiVu, MediaAtlas, eWatch, Profnet, US1ENDUNITED BUSINESS MEDIA PLCRelated Shares:
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