31st Aug 2005 17:01
UNITED BUSINESS MEDIA ANNOUNCES US$ 61.4m CONVERTIBLE BONDS BUY BACK United Business Media (UBM), today announces that it has repurchased anaggregate principal amount of US$ 61.4m of the 2.375% Guaranteed ConvertibleBonds due 2006, issued by its subsidiary, United Business Media (Jersey)Limited, for an aggregate price of approximately $75.0m excluding accruedinterest. The bonds purchased, representing approximately 15.35 per cent of theinitial amount, will be cancelled following which the outstanding amount of thebonds will be US$338.6m. ENDUNITED BUSINESS MEDIA PLCRelated Shares:
UBM