18th Apr 2006 16:35
UNITED BUSINESS MEDIA ANNOUNCES US$17.862m CONVERTIBLE BONDS BUY BACK United Business Media plc today announces that it has repurchased an aggregateprincipal amount of US$17.862m of the $400m 2.375% Guaranteed Convertible Bondsdue 2006, issued by its subsidiary, United Business Media (Jersey) Limited, foran aggregate price of approximately US$26.90m, excluding accrued interest.The repurchased bonds, representing approximately 4.5% of the initial amount,will be cancelled. Following this, and prior cancellations of US$288.14m, theoutstanding amount of the bonds will be US$93.998m. - Ends - EnquiriesMedia Peter Bancroft Director of Communications E-mail [email protected] 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 Catherine Southgate Head of Investor Relations Email [email protected] Direct telephone +44 20 7921 5031 Peter Wrankmore Head of Treasury Email [email protected] Direct telephone +44 20 7921 5010 Notes to Editors1. Convertible Bonds repurchaseFollowing this announcement UBM has repurchased over 76.4% of the $400m 2.375%Convertible Bonds due 2006.2. About United Business Media plcUnited Business Media is one of the world's leading global business informationcompanies. UBM brings together the world's buyers and sellers, helping theirmarkets work effectively and efficiently through PR Newswire's newsdistribution network and CMP's portfolio of events, print and on-linepublications. For more information, go to www.unitedbusinessmedia.comAbout PR Newswire - PR Newswire is the world's leading corporate newsdistribution service. Headquartered in New York, PR Newswire distributes newsglobally on behalf of over 40,000 customers, including many of the world's topcompanies and agencies, helping them take the latest news to the media, theinvestment community, and the general public. For more information, go to www.prnewswire.comAbout CMP - CMP's portfolio of more than 200 newspapers, magazines anddirectories, 200 websites and 300 events brings together buyers and sellersfrom a range of global sectors including technology, healthcare, the builtenvironment, lifestyle, fashion and ingredients. Our customers come to us fordirect access to their key audiences: business decision-makers.CMP operates globally through four divisions:CMP Media - the USA's leading high tech B2B media company and provider ofhealthcare education and information. For more information, go to www.cmpmedia.comCMP Information: the European magazine and events business, based in the UK.For more information, go to www.cmpinformation.comCMP Asia: a leader in exhibitions and publications in key markets in Asia. Formore information, go to www.cmpasia.comCMPMedica: leading drug information provider, pharmaceutical marketingsolutions including medical information and trade press in Europe and Asia. Formore information, go to www.cmpmedica.com ENDUNITED BUSINESS MEDIA PLCRelated Shares:
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