20th Mar 2006 07:00
UNITED BUSINESS MEDIA ANNOUNCES US$20.0m CONVERTIBLE BONDS BUY BACK United Business Media (UBM) today announces that it has repurchased anaggregate principal amount of US$ 28.64m of the $400m 2.375% GuaranteedConvertible Bonds due 2006, issued by its subsidiary, United Business Media(Jersey) Limited, for an aggregate price of approximately US$ 38.95m, excludingaccrued interest.The repurchased bonds, representing approximately 7.2% of the initial amount,will be cancelled. Following this, and prior repurchases of US$ 222.45m, theoutstanding amount of the bonds will be US$ 148.91m. - Ends - EnquiriesMedia 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 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 62.75% 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 of healthcare education and information. For more information, go to www.cmpmedia.com * CMP Information: the European magazine and events business, based in the UK. For more information, go to www.cmpinformation.com * CMP Asia: a leader in exhibitions and publications in key markets in Asia. For more information, go to www.cmpasia.com CMPMedica: 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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