(UBM) UBM
Summary
Buy UK shares for just £1.50. No hidden charges, admin or inactivity fees
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| Tue 07:00 | PRN |
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7 February 2012 UBM plc acquires 4G World exhibition and conference Adds the largest independent telecoms and wireless event in the US market UBM plc today announces that it has acquired the annual 4G World telecoms and wireless trade show from Yankee Group Research, Inc. on behalf of UBM TechWeb. 4G World (www.4gworld.com) is the largest independent telecoms and wireless event serving the US market. It is held annually in the autumn, with last year's show attracting 8,500 registered attendees and 250 sponsors. The comprehensive conference program delivers updates on the latest innovations in wireless business and technology, featuring 200 leading industry speakers. 4G World serves the fast growing mobile broadband market, which is expected to serve 2.5 billion 4G subscribers by 2016 (source: Pyramid Research). UBM TechWeb will leverage its Light Reading and InformationWeek communities - which include key service provider and enterprise technology decision-makers - to further develop 4G World as an integrated event platform for 4G marketers around the globe. Last year's event ran 24-27 October 2011 and generated revenues of approximately $3.2 million. Gross assets as at 31 October 2011 were $0.2 million. The acquisition is expected to exceed UBM's cost of capital criterion in its first full year of ownership. The 4G World operational team, led by John Sellazzo, are based in Massachusetts. Eight employees are transferring with the business. Tony Uphoff, CEO of UBM TechWeb said: "This acquisition expands our offering in the rapidly-accelerating mobile broadband market. 4G World brings a valuable brand to our portfolio, and will immediately be able to tap into our thriving Light Reading and InformationWeek online communities serving global communications providers, enterprise technology executives, developers and the 4G marketers tasked with reaching them. I would like to welcome John Sellazzo and his team into UBM TechWeb and I look forward to working with them to drive the business forward in close co-operation with Joseph Braue, Group Director of UBM Techweb's Light Reading Communications Network." - Ends - Contacts Media Peter Bancroft Director of Communications E-mail communications@ubm.com Direct telephone +44 20 7921 5961 Chris Barrie Citigate Dewe Rogerson E-mail chris.barrie@citigatedr.co.uk Direct telephone +44 20 7282 2943 Mobile +44 796 872 72 89 Analysts/Investors James O'Shaughnessy Investor Relations Manager Email investorrelations@ubm.com Direct telephone +44 20 7921 5095 Notes to Editors 1. About UBM plc UBM plc 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 provide them 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 6,000 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.ubm.com 2. About UBM TechWeb UBM TechWeb enables people and organizations to harness the transformative power of technology. Through its two core businesses - marketing services, and business information - UBM TechWeb powers both technology decision-making and technology marketing. For more information, go to www.ubmtechweb.com END More |
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| Mon 07:00 | PRN |
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6 February 2012 UBM plc disposes of UK titles for £10.0m (1) UBM plc today announces that it has sold its UK agriculture and medical general practitioner portfolios - including the Farmers Guardian and Pulse titles - to the founders of Briefing Media Ltd for a total cash consideration of £10.0m (1). The new business will be known as Briefing Media Group and is led by the experienced management team of Neil Thackray and Rory Brown. It is funded by GCP Capital Partners, a mid-market private equity fund. The agriculture portfolio - comprising the Farmers Guardian and Dairy Farmer titles and their associated online offerings - is based primarily in Preston and employs 57 staff. The London-based general practitioner portfolio employs 33 staff and includes the Pulse and Practical Commissioning magazines and their digital and event products NAPC, the Mental Health Forum, Pulse Seminars, as well as Pulse Learning. Subject to completion of two separate consultation processes under the Transfer of Undertakings (Protection of Employment) Regulations, the transaction is expected to close in the next four to six weeks. In total, these assets generated revenues of £12.1m in 2011. UBM has retained ownership of the Cropworld conference and the Chemist & Druggist magazine and data product portfolio. In a separate transaction, UBM plc has also sold its Daltons business to Innovare Media Limited. Daltons provides a web-based marketplace for the sale and purchase of UK small and medium enterprises. David Levin, CEO, UBM plc said: "I am very pleased we have passed these successful UK magazine titles to a new management team who will provide the focused leadership and investment to ensure their continued success. I would like to thank our teams in Preston and in London for their contribution to UBM over the years and wish them and their new management teams well for the future." "These transactions, together with the previous sales of France Presse, Consultant and other assets bring the total gross consideration from disposals announced since 1 January 2011 to more than £25m. These transactions also mark a further significant step in the transformation of UBM into a set of Events and other B2B marketing, communications, and data services businesses serving attractive global communities across a variety of media." - Ends - (1) subject to working capital adjustment at completion Contacts Media Peter Bancroft Director of Communications E-mail communications@ubm.com Direct telephone +44 20 7921 5961 Chris Barrie Citigate Dewe Rogerson E-mail chris.barrie@citigatedr.co.uk Direct telephone +44 20 7282 2943 Mobile +44 796 872 72 89 Analysts/Investors James O'Shaughnessy Investor Relations Manager Email investorrelations@ubm.com Direct telephone +44 20 7921 5095 Notes to Editors 1. About UBM plc UBM plc 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 provide them 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 around the world. Our 6,000 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.ubm.com 2. About Briefing Media Briefing Media is a U.K. based business media company. The company was established in 2010 by Neil Thackray and Rory Brown with the aim of establishing a range of media assets across a number of key vertical markets. The company's launch product is TheMediaBriefing, a specialist website examining the evolution of global media markets. The site combines intelligent semantic curation of news alongside expert opinion and analysis. Briefing Media has organised a series of conferences, published exclusive research and will be hosting The British Media Awards in April 2012. Additional sites are in the pipeline. For more information, go to www.TheMediaBriefing.com 3. About GCP Capital Partners GCP Capital Partners LLP ("GCP") was founded in 2007 and currently manages a dedicated private equity fund of £191 million. GCP focuses on equity investments in a wide range of sectors and generally makes controlling or influential minority investments of up to £30 million. GCP Capital Partners was formed as the successor to Greenhill Capital Partners, the merchant banking business of Greenhill & Co., Inc. (NYSE: GHL), which was founded in 2000. Full details can be found at: http://www.gcpcapital.com/eu-home END More |
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| 01-02-12 | PRN |
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UBM plc In conformity with the Disclosure and Transparency Rule 5.6.1, UBM plc today announces the following: As at 31 January 2012, the company's issued share capital consists of 244,784,797 ordinary shares (with a nominal value of 10 pence each) with voting rights. No ordinary shares are held in treasury. Therefore, the total number of voting rights in UBM plc is 244,784,797. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, UBM plc under the FSA's Disclosure and Transparency Rules. Anne Siddell Company Secretary 1 February 2012 END More |
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| 20-01-12 | PRN |
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TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii): UBM plc 2. Reason for the notification State Yes/No An acquisition or disposal of voting rights Yes An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation Massachusetts (iii): Financial Services Company 4. Full name of shareholder(s) (if different from 3.) (iv): MFS invests in securities of the issuer on behalf of its various mutual funds and institutional account clients 5. Date of the transaction (and date on which the threshold is 17/01/2012 crossed or reached if different) (v): 6. Date on which issuer notified: 19/01/2012 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details: A: Voting rights attached to shares Class/type of Situation Resulting situation shares previous to the after the triggering if possible Triggering transaction (vii) using the ISIN transaction (vi) CODE Number Number Number Number of voting % of voting of of of rights (ix) rights Shares Voting shares Rights (viii) Direct Direct Indirect Direct Indirect (x) (xi) JE00B2R84W06 13,227,310 13,227,310 12,177,654 4.975% B: Financial Instruments Resulting situation after the triggering transaction (xii) Type of Expiration Exercise/ Number of % of voting financial date (xiii) Conversion voting rights instrument Period/ Date rights that may (xiv) be acquired if the instrument is exercised/ converted Total (A+B) Number of voting rights % of voting rights 12,177,654 4.975% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): United Business Media Limited - B2R84W0 Holdings as of 17 June 2011 Entity Holding Percentage Held MFS Investment Management (MFS) 1,863,668 0.7614% MFS Heritage Trust Company (MFSHE) 34,868 0.0142% MFS Institutional Advisors, Inc. (MFSI) 454,533 0.1857% MFS International Ltd. (MIL) 1,697,420 0.6935% MFS International (U.K.) Limited (MIL U.K.) 8,127,165 3.3202% Notifiable Interest 12,177,654 4.975% Shares Outstanding 244,779,035 Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease N/A to hold: 12. Date on which proxy holder will cease to hold N/A voting rights: 13. Additional information: 14. Contact name: 15. Contact telephone number: Annex Notification Of Major Interests In Shares (xvi) A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for Massachusetts legal entities) Financial Services Co. Contact address (registered office for 500 Boylston legal entities) Street Boston, MA 02116 USA Phone number 617-954-5814 Other useful information (at least legal Robert Flaherty representative for legal persons) B: Identity of the notifier, if applicable (xvii) Full name Contact address Phone number Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) C: Additional information Notes i. This form is to be sent to the issuer or underlying issuer and to be filed with the competent authority. ii. Either the full name of the legal entity or another method for identifying the issuer or underlying issuer, provided it is reliable and accurate. iii. This should be the full name of (a) the shareholder; (b) the person acquiring, disposing of or exercising voting rights in the cases provided for in DTR5.2.1 (b) to (h); (c) all the parties to the agreement referred to in DTR5.2.1 (a), or (d) the direct or indirect holder of financial instruments entitled to acquire shares already issued to which voting rights are attached, as appropriate. In relation to the transactions referred to in points DTR5.2.1 (b) to (h), the following list is provided as indication of the persons who should be mentioned: - in the circumstances foreseen in DTR5.2.1 (b), the person that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights; - in the circumstances foreseen in DTR 5.2.1 (c), the person holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and person lodging the collateral under these conditions; - in the circumstances foreseen in DTR5.2.1(d), the person who has a life interest in shares if that person is entitled to exercise the voting rights attached to the shares and the person who is disposing of the voting rights when the life interest is created; - in the circumstances foreseen in DTR5.2.1 (e), the parent undertaking and, provided it has a notification duty at an individual level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of any of those situations, the controlled undertaking; - in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion; - in the circumstances foreseen in DTR5.2.1 (g), the person that controls the voting rights; - in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion. iv. Applicable in the cases provided for in DTR 5.2.1 (b) to (h). This should be the full name of the shareholder or holder of financial instruments who is the counterparty to the natural person or legal entity referred to in DTR5.2. v. The date of the transaction should normally be, in the case of an on exchange transaction, the date on which the matching of orders occurs; in the case of an off exchange transaction, date of the entering into an agreement. The date on which threshold is crossed should normally be the date on which the acquisition, disposal or possibility to exercise voting rights takes effect (see DTR 5.1.1R (3)). For passive crossings, the date when the corporate event took effect. [DEL::DEL] These dates will usually be the same unless the transaction is subject to a condition beyond the control of the parties. vi. Please refer to the situation disclosed in the previous notification, In case the situation previous to the triggering transaction was below 3%, please state `below 3%'. vii. If the holding has fallen below the minimum threshold , the notifying party should not be obliged to disclose the extent of the holding, only that the new holding is less than 3%. For the case provided for in DTR5.2.1(a), there should be no disclosure of individual holdings per party to the agreement unless a party individually crosses or reaches an Article 9 threshold. This applies upon entering into, introducing changes to or terminating an agreement. viii. Direct and indirect ix In case of combined holdings of shares with voting rights attached `direct holding' and voting rights `indirect holdings', please split the voting rights number and percentage into the direct and indirect columns-if there is no combined holdings, please leave the relevant box blank. x Voting rights attached to shares in respect of which the notifying party is a direct shareholder (DTR 5.1) xi. Voting rights held by the notifying party as an indirect shareholder (DTR 5.2.1) xii If the holding has fallen below the minimum threshold, the notifying party should not be obliged to disclose the extent of the holding, only that the new holding is below 3%. xiii date of maturity / expiration of the finical instrument i.e. the date when the right to acquire shares ends. xiv If the financial instrument has such a period-please specify the period- for example once every three months starting from the [date] xv. The notification should include the name(s) of the controlled undertakings through which the voting rights are held. The notification should also include the amount of voting rights and the percentage held by each controlled undertaking, insofar as individually the controlled undertaking holds 3% or more, and insofar as the notification by the parent undertaking is intended to cover the notification obligations of the controlled undertaking. xvi. This annex is only to be filed with the competent authority. xvii. Whenever another person makes the notification on behalf of the shareholder or the natural person/legal entity referred to in DTR5.2 and DTR5.3. END More |
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| Tue 23:03 | ||||
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UBM moves further away from print TIP UPDATE
07 February 2012 UBM has sold off more print titles http://bit.ly/zy0r8O |
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| 18-10-11 | ||||
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Good update, with events and emerging markets performing strongly:
Revenue for the nine months was up 9.8% Underlying revenue growth was 8.5%. Adjusted operating profit was up by 16.4%. and outlook for the full year: "...Our expectations for full year 2011 results remain in line with the overall and divisional guidance provided at the Interim results..." An undervalued business with a prospective yield of 6.5%. |
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| 29-07-11 | ||||
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UBM driven by events
Created: 29 July 2011 Written by: Graeme Davies http://www.investorschronicle.co.uk/Tips/Buy/TipsOfTheWeek/article/20110729/b10412a2-b9e5-11e0-bbe2-00144f2af8e8/UBM-driven-by-events.jsp The resurgence in UBM's events business has continued apace, driving a solid first-half performance. Events revenue rose across the board, but showed particular strength in emerging markets where revenue jumped 24.5 per cent. UBM has been in a state of constant evolution for several years, shifting away from its reliance on print and onto events and online. Indeed, during the period , UBM sold 12 print titles for £14.6m, while also acquiring four events businesses for £21.2m. What's more, on the day of these results, management announced the acquisition of sustainable building event, EcoBuild, for a maximum consideration of £51.2m - depending on performance. Meanwhile, much of the organic events growth during the first half came from replicating successful events in other areas of the world. UBM has, for example, already begun planning for EcoBuild Shanghai next April. The importance of events is illustrated by the fact that, despite only generating 37 per cent of revenues, events contribute 63 per cent of group operating profits. Prospects look good, too, with forward bookings for its top 20 events up 12.9 per cent on last year. Investec Securities expects full-year adjusted pre-tax profit of £180.6m and adjusted EPS of 56.7p (£156.4m and 50.2p for 2010). UBM (UBM) ORD PRICE: 531p MARKET VALUE: £1,299m TOUCH: 530-531p 12-MONTH HIGH: 729p LOW: 506p DIVIDEND YIELD: 4.8% PE RATIO: 14 NET ASSET VALUE: 171p* NET DEBT: 108% Half-year to 30 Jun Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2010 434 58.1 18.7 6.00 2011 474 62.2 20.5 6.30 % change +9 +7 +10 +5 Ex-div:24 Aug Payment:13 Oct *Includes intangible assets of £1.2bn, or 492p a share Guide to the terms used in IC results tables. More analysis of company results SHARE TIP UPDATE: Buy UBM is managing its business effectively and the sustained recovery in the events operation bodes well for the future. Trading on an undemanding nine times expected earnings, and yielding almost 5 per cent , we reiterate our buy tip (599p, 19 May 2011). Buy. |
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| 29-07-11 | ||||
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Although the underlying growth of 6.4% is down from the 7.5% reported for quarter 1, management are now saying that "...outlook for the full year has improved modestly...".
That will mean that underlying growth will be slightly higher than the 5.6% experienced last year, since the outlook at the time of the prelims stated "...We expect...sustained underlying revenue growth during 2011 broadly in line with that enjoyed in 2010..." |
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The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
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