UBM plc - betreibt PR Newswire - 500 Beiträge pro Seite

[R-BgO]

und zahlt gut 4% Dividende;

Ansichtsstücke geholt

[R-BgO]

Antwort auf Beitrag Nr.: 50.330.271 von R-BgO am 04.08.15 18:00:43

so schnell überlebt sich ein Threadtitel:

sie haben PRN verkauft und heute dafür eine special dividend gezahlt;

außerdem vor ein paar Wochen Aktien 9:8 zusammengelegt

[R-BgO]

Antwort auf Beitrag Nr.: 52.814.599 von R-BgO am 12.07.16 12:39:44

Info zum Verkauf:

http://otp.investis.com/clients/uk/ubm/rns/regulatory-story.…

[R-BgO]

Antwort auf Beitrag Nr.: 52.814.599 von R-BgO am 12.07.16 12:39:44

CMD-Präsentation:

http://www.ubm.com/sites/default/files/p%5Bresentation/UBM%2…

[R-BgO]

seit Januar ging es rapide rauf;

persönlich finde ich die Aktie teuer

[R-BgO]

Antwort auf Beitrag Nr.: 57.893.064 von R-BgO am 02.06.18 15:39:49

die "Kleinigkeit" hatte ich übersehen;

erklärt den Januar:


CREATION OF A LEADING B2B INFORMATION SERVICES GROUP THROUGH A RECOMMENDED OFFER FOR UBM PLC
BY INFORMA PLC

The boards of Informa PLC ("Informa") and UBM plc ("UBM") are pleased to confirm the creation of a leading B2B Information Services Group (the "Enlarged Group") through a recommended offer (the "Offer") for UBM by Informa.

The Offer, which is being recommended to shareholders by the boards of Informa and UBM, comprises a mix of shares and cash consideration from Informa for the entire issued and to be issued share capital of UBM. The boards of both companies believe there is a compelling commercial and strategic rationale for creating the Enlarged Group, to offer major benefits to Customers and Colleagues, while having the potential to create significant value for Shareholders, supported by accelerated growth opportunities, significant operating synergies and attractive earnings accretion.

Stephen A. Carter, Chief Executive of Informa said:

"It is clear that the B2B Market is moving to Operating Scale and Industry Specialisation. Our recommended offer for UBM promises to create a leading B2B Information Services Group with the international reach and market capabilities to take full advantage of these trends."

He added:

"The Enlarged Group has the potential to deliver strong growth and significant value for shareholders. We will seek to operate with speed and purpose through an Accelerated Integration Plan that unifies Management, combines our businesses and adopts a focused approach to Industry Specialisation. This will ensure the Enlarged Group enters 2019 as a single business, with positive growth momentum and well-placed to deliver at least £60 million of annual recurring operating synergies."

Summary of Key Terms

The Offer comprises a mix of shares and cash from Informa for the entire issued and to be issued share capital of UBM. Under the terms of the Offer, UBM Shareholders will receive:

For each UBM Share:

1.083 New Informa Shares; and 163 pence in cash

(the "Offer Price")

Based on the Closing Price of 746 pence per Informa Share on 15 January 2018 (being the last Business Day before the commencement of the Offer Period), the Offer Price represents:

· a value of approximately 971 pence per UBM Share;

· a value of approximately £3.9 billion for UBM;

· a premium of 29.9% to the Closing Price of 747.5 pence per UBM Share on 15 January 2018 (being the Closing Price on the last Business Day before the commencement of the Offer Period); and

· in addition, based on the respective thirty-day volume-weighted average share prices to the last Business Day before the commencement of the Offer Period, the Offer Price represents a premium of 29.0%

The Offer will result in Informa Shareholders owning approximately 65.5% of the Enlarged Group and UBM Shareholders owning approximately 34.5% of the Enlarged Group (based on the existing ordinary share capital of Informa and the fully diluted share capital of UBM).

The Offer will also include a Mix and Match Facility.


Compelling Strategic and Commercial Rationale

Informa believes that the Enlarged Group will benefit from the trend towards increased Operating Scale and Industry Specialisation in the global B2B Information Services market. The Enlarged Group will build on the respective strengths of Informa and UBM to meet growing customer demand for brands and partners with international reach, specialist industry knowledge and an increasingly wide range of B2B Information Services that incorporate face-to-face platforms and events, data analytics, targeted marketing services and trusted, reliable intelligence and research.

The industrial logic of combining the B2B brands and capabilities of Informa and UBM is well understood. Given the complementary portfolios, geographic focus and growth trajectories of both companies, Informa believes that now is the opportune moment to create a B2B Information Services Group with the scale and specialist capabilities to capture the long-term growth potential of this expanding market.

The timing is further supported by the significant progress against the respective strategies of each group, which have led to greater focus and operational efficiency.


Value Creation for Shareholders

Informa expects the shareholders of the Enlarged Group to benefit from the value created through increased Operating Scale and Industry Specialisation as a leading B2B Information Services group.

Informa believes that the immediate benefits of Operating Scale will generate significant operating synergies, including at least £60 million of annual recurring pre-tax cost savings, with around £50 million to be delivered in the 2019 financial year. These synergies arise from scale efficiencies and a reduction of duplicate costs. The realisation of these recurring synergies is expected to lead to one-off cash costs of approximately £80 million.

Informa expects that the Offer will result in:

· Attractive earnings accretion… positive earnings enhancement in the first full financial year following the Effective Date based on Informa's adjusted earnings per share;

· Positive returns… a post-tax return on invested capital in excess of Informa's cost of capital within three full financial years of ownership;

· Predictable revenue… more than two-thirds of the Enlarged Group's revenue will be forward booked and predictable, being generated from exhibitions, subscriptions and pre-booked sponsorship;

· Cashflow strength… approximately £0.6 billion of annual free cash flow (on a pro forma basis for 2016); and

· Revenue growth…attractive incremental revenue synergy opportunities which have not been quantified and therefore have not been reported on under the Takeover Code.


Creating a Leading B2B Information Services Group

The Enlarged Group will be well-placed to build on the success of Informa's Growth Acceleration Plan ("GAP") and UBM's Events First strategy. Based on results to 31 December 2016, the Enlarged Group has pro-forma revenues of around £2.6 billion and adjusted operating profit of around £0.8 billion.

Informa believes that the Enlarged Group will become the number one B2B events group globally. The Enlarged Group will employ around 11,000 colleagues (approximately 4,500 in the Americas, 2,500 in Asia, 500 in EMEA and 3,500 in the UK), and will be a leading exhibitions business in the key growth markets of China and the US, further accelerating the opportunities that both Informa and UBM have been pursuing.

The Enlarged Group will own complementary subscription-based B2B Intelligence and specialist B2B Marketing Services businesses. The Enlarged Group will also continue to own, operate and invest in the leading Scholarly Research business, Taylor & Francis, which has a strong position in content, customers and research, producing consistent growth, attractive margins and strong cashflow.

By establishing the Enlarged Group as a unified business with speed and purpose, Informa expects to be able to gain the benefits of Operating Scale, while preparing for the wider benefits of Industry Specialisation.


Benefits of Operating Scale

· Revenue growth… creates a scale growth business within attractive growth markets; near-term revenue opportunities through cross-marketing, internationalisation, comprehensive marketing solutions, digitalisation, sponsorship and customer value initiatives, as well as longer-term potential growth acceleration through increased Industry Specialisation;

· Global reach…highly complementary geographic fit provides broader based growth and market opportunities with a significant proportion of revenue from faster growth economies, including positions in the major markets of the United States, China, Middle East, ASEAN, South America and India;

· Quality of earnings…increased scale and international breadth provides resilience and balance, as well as greater predictability with a high proportion of revenue from forward booked and recurring revenue streams;

· Cashflow strength…both businesses benefit from attractive levels of profitability and cash conversion, leading to consistently strong free cash flow. This provides flexibility and funds for progressive shareholder returns, continued investment in growth and maintaining balance sheet strength;

· B2B events strength…depth and breadth in major events markets of the United States, China, Middle East, South America and India, and strong vertical positions including Health & Nutrition, Life Sciences, Pharma & Biotech and Technology;

· Operational excellence…world class in-market talent and extensive operating experience focusing on operational fitness and performance across both the Informa and UBM portfolios;

· Technology innovation…increased operating and financial scale facilitating greater levels of product and platform innovation; and

· Operating synergies…swift and smooth integration to generate at least £60 million of annual recurring pre-tax cost savings across the Enlarged Group through scale efficiencies and the removal of cost duplication.

Over time, Informa expects that the creation of the Enlarged Group will enable it to capture the wider benefits of Industry Specialisation in B2B Information Services, accelerating the shift to a more customer-led operating model built around the strengths of the Enlarged Group's emerging positions in key industry verticals and a broad set of powerful B2B capabilities.


Benefits of Industry Specialisation

· Industry strength and depth…international reach and depth in more than 15 targeted industry verticals, providing professional networks and communities with subscription-based products, high quality branded confexes, scale exhibitions, specialist lead generation and content;

· Customer strength…deeper, more strategic customer relationships across multiple B2B channels and services;

· Data and Marketing Solutions…growth opportunity in specialist B2B Marketing providing targeted lead generation products, including specialist B2B data and insight; and

· Verticalisation…gradual shift to customer-led, vertically-oriented operating model, becoming a growth-enabler in key industries.


Benefits of Financial Scale

Leverage
Informa expects the Enlarged Group to raise its leverage to around 3 times net debt to adjusted EBITDA at the Effective Date. This position is supported by high levels of forward visibility on revenue and projected strong cash generation, which are expected to reduce leverage below the target ceiling of 2.5 times net debt to adjusted EBITDA over time. The board of Informa believes that this is a level which is broadly consistent with an investment grade profile.

Tax
The Effective Tax Rate for the Enlarged Group is expected by Informa to be around 19% in 2018 on a pro-forma basis, and a similar level in 2019 and 2020. This reflects the combined tax structures of both groups as well as the effects of recent changes to US tax legislation through The Tax Cuts and Jobs Act of 2017.

Dividends
The board of Informa intends to maintain a progressive dividend policy, using Informa's dividend per share as the base. It will seek to deliver consistent growth in dividends, reflective of its free cash flow growth.

Reporting
Assuming completion occurs during the second quarter of 2018, Informa's intention is to disclose the results of the UBM Group as a separate division with the Informa Group for the 2018 Interim Results in July. By the end of 2018, Informa expects to provide results for the Enlarged Group.


The Accelerated Integration Plan

It is Informa's ambition to move with pace and purpose to create a unified business by the end of 2018.

This will be achieved through The Accelerated Integration Plan ("AIP"), a detailed programme that follows a similar approach to the integration of Penton Information Services, designed to minimise disruption to customers, maintain operational momentum, and create opportunities for all colleagues from Informa and UBM.

Guiding Principles

1. Simplicity and Speed - Management and leadership

Patrick Martell, the Chief Executive of Informa's Business Intelligence Division, will additionally take over from Tim Cobbold as Chief Executive of the UBM operating unit to lead the AIP from the Effective Date through to a target date for the completion of market-facing commercial integration of 31 December 2018. With this approach, Informa will be replicating the process and structure it adopted during the integration of Penton Information Services.

Reporting directly to Stephen A. Carter, Patrick will work closely with Charlie McCurdy, Chief Executive of Informa's Global Exhibitions Division, Andrew Mullins, Chief Executive of Informa's Knowledge & Networking Division, and Senior Operating Management from UBM to develop the Enlarged Group's operating model and management structure.

2. Business First - Minimise disruption

It is Informa's view, that at the brand, market and operating level, UBM has strong leadership with well-established customer relationships and deep expertise within its numerous vertical-focused businesses. The AIP will seek to minimise any disruption to these brand and event teams, providing strong ongoing support to allow them to focus on continued delivery and growth.

3. Leaning into Strength - Operating approach by region

In Asia, where UBM has a leading business, the combination will be approached in a way that reflects its established position in the region and the strength and experience of its Asian management team. This team will join forces with Informa's brands, leaders and important joint venture partners to drive its continued expansion and growth in the region.

In the Americas, where UBM and Informa have highly complementary businesses, the operating structure will reflect the Enlarged Group's depth in industry verticals. Similarly, in Europe, operations will be merged and streamlined.

In the Middle East & Africa, Informa has an established business with an experienced management team, who will welcome UBM's operations into its existing structure.

4. Stability and Continuity - No changes to shared service centres

The AIP is focused on streamlining the two businesses with minimal disruption. To this end, there are no plans to make any changes to the shared service centre structure of either UBM or Informa. This includes UBM's shared service centres in Kent, Long Island and Hong Kong, as well as Informa's shared service centres in Colchester, Cleveland, Sarasota and Singapore.

5. Efficiency First - Maximise the benefits of scale

The AIP will quickly target potential areas of savings arising from scale efficiencies, including in relation to venues, general contractors, consultancies, travel, IT services, property, insurance, marketing and governance.

6. Efficiency First - Duplication of resources

There will be some overlap between the two businesses in corporate overhead, and divisional and operating management. The AIP is designed to identify the optimal combination of people and resources, providing clarity for colleagues quickly. The approach will be one of minimising duplication and maximising simplicity.

7. Focused-Scale - Growth in verticals and specialisation

The Enlarged Group will have a range of focused scale positions across more than 15 key industry verticals, some well-developed and others emerging. For example, in Health & Nutrition there will be an immediate benefit by combining the strengths of Informa's fully integrated market-facing business, the Global Health & Nutrition Network, with those of UBM's successful Food Ingredients team. This will further expand the Enlarged Group's presence in this attractive international vertical.

The Enlarged Group will have the opportunity to build similar market-focused businesses in a number of other verticals where it will have focused scale and depth of expertise. This includes Life Sciences, Pharma & Biotech, and Technology.

8. Customer First - Revenue opportunities

The AIP will pursue attractive short and medium-term revenue opportunities through its 6-Step Revenue Growth Plan:

1. Cross-Marketing…Use the combined customer, subscriber and visitor databases and focused-scale in verticals to offer a broader array of B2B products and services to a broader array of domestic and international customers.

2. Internationalisation…Leverage the Enlarged Group's expanded presence and portfolio of brands across international markets to drive sales syndication, geo-cloning and brand extension.

3. Comprehensive Data and Marketing Solutions…Use the increased breadth and depth of the Enlarged Group's vertical portfolios and specialist data and market capabilities to bundle products for customers, providing a comprehensive and effective solution for reaching their customers.

4. Digitisation…Deploy the Enlarged Group's digital platforms and data enrichment capabilities, including Informa's Market Maker platform, across the expanded events portfolio to deliver targeted lead generation for exhibitors and increase visitor engagement both before and after events.

5. Sponsorship…Leverage the Enlarged Group's proven expertise and capability in developing innovative and bespoke sponsorship opportunities across the expanded events portfolio.

6. Customer Value Initiatives…Apply established customer value programmes across the combined events portfolio.

Governance and Management

Both Informa and UBM are proudly people businesses, with the energy, ideas and contribution of colleagues across the world their single most important asset. The Enlarged Group will draw on the array of talent and experience in both companies to lead the business.
The Enlarged Group would continue to be domiciled and listed in the United Kingdom with major operational centres around the world.

It is intended on completion of the Offer that:

· Derek Mapp, Chairman of Informa, will be Chairman of the Enlarged Group and Greg Lock, Chairman of UBM, will become the Deputy Chairman of the Enlarged Group;


· Stephen A. Carter, Chief Executive of Informa, will be Chief Executive of the Enlarged Group and Gareth Wright, Finance Director of Informa, will be Finance Director of the Enlarged Group;


· Tim Cobbold, Chief Executive of UBM, and Marina Wyatt, Chief Financial Officer of UBM, will step down from their roles within one month of the Effective Date. Mr Cobbold will be retained in an advisory capacity through to the end of 2018; and


· The board of the Enlarged Group will also include Informa's Senior Independent Director Gareth Bullock and his other Non-Executive Director colleagues from Informa. In addition to Greg Lock, Mary McDowell and David Wei will join as Non-Executive Directors of Informa from UBM. The other members of the board of UBM will step down with effect from the Effective Date.

Current Trading

Informa PLC

Informa is due to release its 2017 Full Year Results on 28 February 2018. It expects to report results in line with expectations outlined within its 10-Month Trading Statement published on 9 November, delivering another year of growth in revenue, profit, cash flow and dividends in 2017.

More specifically, following the end of the financial year and completion of the GAP and the successful integration of Penton Information Services, Informa can confirm in respect of the 2017 financial year it expects:

· The group will deliver more than 3% underlying revenue growth;

· All four Operating Divisions to deliver positive underlying revenue growth, expected to be: Academic Publishing +2.0%, Business Intelligence +2.2%, Global Exhibitions +7.6% and Knowledge & Networking +0.1%;

· The group to report adjusted[1], fully diluted earnings per share of more than 45.5p;

· The group to deliver free cash flow of around £400 million; and

· The group to pay a final dividend of 13.80p per share, with a proposed record date of 20 April 2018, to give total dividends per share for 2017 of 20.45p, a year-on-year increase of 6.0%.

Looking forward, Informa remains confident of the attractive opportunities in its key markets and believes, post-GAP, it is well placed to pursue them, including a post-GAP financial framework as previously outlined. In the 2018 financial year, this includes targeting underlying revenue growth for the Informa Group of more than 3.5%, building on the strong foundations of GAP and the positive momentum throughout 2017.

UBM plc

To coincide with Informa, UBM also now intends to release its 2017 Full Year Results on 28 February 2018.

On 30 January 2018, UBM released a trading update in respect of the financial year ended 31 December 2017, which stated:

"UBM's trading in the fourth quarter has been ahead of company expectations, with particularly good performances at the CPhI events, Cosmoprof and Food Ingredients. Given the strength of this recent performance, UBM now expects to deliver adjusted underlying annual events revenue growth of at least 5% (with corresponding underlying revenue growth of approximately 3.5%). This, coupled with an OMS performance in line with UBM's expectations, will result in reported total group revenues of approximately £1,000 million([2]) for the year ended 31 December 2017.

As a result of the strong performance, in what is a biennial up-year, the board of UBM expects the UBM Group adjusted operating profit([3]) margin to be approximately 29%(2) and consequently the full year outturn to be ahead of expectations.

The UBM Group intends to declare a final dividend of 18.0 pence per share, with a proposed record date of 20 April 2018, in respect of the year ended 31 December 2017. This would result in total dividends per share for the 2017 financial year of 23.5p, a year-on-year increase of 6.8%."

A full copy of the trading update is available on UBM's website at www.ubm.com.

Profit Estimates

Informa Profit Estimate

The statement above that "The group to report adjusted, fully diluted earnings per share of more than 45.5p" (the "Informa Profit Estimate") constitutes a profit estimate for the purposes of Rule 28 of the Takeover Code.

Pursuant to Rule 28.1(a) of the Takeover Code, the Informa Profit Estimate is set out in full in Appendix 5 to this announcement, together with the basis of preparation and reports from Deloitte, Centerview Partners and Barclays.

UBM Profit Estimate

On 30 January 2018, UBM released a trading update in respect of the financial year ended 31 December 2017. Included in this trading update were the following statements:

· total UBM Group revenues of approximately £1,000 million([4]); and

· the UBM Group adjusted operating profit([5]) margin to be approximately 29%(4).

The above statements (together, the "UBM Profit Estimate") constitute a profit estimate for the purposes of Rule 28 of the Takeover Code.

Pursuant to Rule 28.1(a) of the Takeover Code, the UBM Profit Estimate is set out in full in Appendix 6 to this announcement, together with the basis of preparation and reports from EY, Credit Suisse and J.P. Morgan Cazenove.

Commenting on today's announcement, Chief Executive of Informa, Stephen A. Carter, said:

"This is a compelling offer to create a UK-listed B2B Information Services Group of greater Operating Scale and Industry Specialisation. This is the right moment to join forces, enabling the Enlarged Group to capture more fully the international growth opportunities in B2B Information Services, while providing benefits for Customers and Colleagues in the markets that we serve around the world."

He added:

"We will implement an Accelerated Integration Plan that will establish the Enlarged Group swiftly and smoothly, helping to secure significant operating synergies, to seize incremental growth opportunities and to deliver significant value for shareholders."

Commenting on today's announcement, Chief Executive of UBM, Tim Cobbold, said:

"Over the last three years, Events First has focused UBM on the attractive events market and the team at UBM has built a high-quality events business with geographic breadth and strong brands, serving diverse industry sectors. The Enlarged Group will build on this platform becoming a leading events group globally, with the capacity to accelerate investment in data and technology to drive long term growth both in events and more widely in the Information Services sector. The terms of the offer recognise the quality of our business and the strength of our future prospects, providing shareholders with attractive value as well as allowing them to participate in the future growth opportunities provided by the Enlarged Group."

Further details of the Offer

· It is intended that the Offer will be implemented by way of a court-sanctioned scheme of arrangement under Article 125 of the Jersey Companies Law, further details of which are contained in paragraph 14 of this announcement. However, Informa reserves the right to implement the Offer by way of a Takeover Offer, subject to the Panel's consent and the terms of the Co-operation Agreement.

· The UBM Directors, who have been so advised by Credit Suisse and J.P. Morgan Cazenove as to the financial terms of the Offer, consider the terms of the Offer to be fair and reasonable. In providing its financial advice to the UBM Directors, each of Credit Suisse and J.P. Morgan Cazenove has taken into account the commercial assessments of the UBM Directors.

· The UBM Directors intend to recommend unanimously that Scheme Shareholders vote in favour of the Scheme at the Court Meeting and UBM Shareholders vote in favour of the resolutions relating to the Offer to be proposed at the UBM General Meeting as the UBM Directors who have beneficial holdings of UBM Shares have irrevocably undertaken to do in respect of their beneficial holdings totalling 110,187 UBM Shares (representing approximately 0.02796% of existing issued ordinary share capital of UBM in issue on 29 January 2018, being the last Business Day before the date of this announcement).

· The Offer constitutes a Class 1 transaction for Informa for the purposes of the Listing Rules. Accordingly, the Offer will be conditional on the approval of the Informa Shareholders at the Informa General Meeting.

· The Informa Directors consider the Offer to be in the best interests of Informa and the Informa Shareholders as a whole and intend to recommend unanimously that Informa Shareholders vote in favour of the resolutions to approve the Offer to be proposed at the Informa General Meeting.

· The Informa Directors have received financial advice from Centerview Partners (as lead financial adviser), BofA Merrill Lynch (as corporate broker and financial adviser), Barclays (as sponsor, corporate broker and financial adviser) and Rothschild (as financial adviser to the board of Informa) in relation to the Offer. In providing their advice to the Informa Directors, Centerview Partners, BofA Merrill Lynch, Barclays and Rothschild have relied upon the commercial assessments of the Informa Directors.

· The Offer is subject to, inter alia, the receipt of relevant clearances from competition authorities in China, Germany, Turkey and the US. The Offer is also subject to the other Conditions set out in Appendix 1 to this announcement, and to the full terms and conditions set out in the Scheme Document.

· The Offer is expected to complete during the second quarter of 2018, subject to the satisfaction (or, where applicable, waiver) of the Conditions set out in Appendix 1 to this announcement.

· The boards of Informa and UBM have agreed that UBM Shareholders will be entitled to receive the final dividend for UBM in respect of the year ended 31 December 2017, such dividend intended to be an amount of 18.0 pence per UBM Share (the "Final UBM Dividend"). In addition, UBM Shareholders will be entitled to receive the final dividend for Informa in respect of the year ended 31 December 2017, such dividend intended to be an amount of 13.80 pence per Informa Share (the "Final Informa Dividend") if the Effective Date occurs prior to the record date for the Final Informa Dividend or, if the Effective Date occurs later, a special dividend from UBM of an amount of 14.9454 pence per UBM Share, being the Final Informa Dividend multiplied by 1.083 (the number of New Informa Shares to be issued for each UBM Share) (the "Special Dividend").

· UBM Shareholders will also be entitled to receive (a) any ordinary course interim dividend declared by UBM before the Effective Date, being an interim dividend of up to 8.2 pence per UBM Share with a record date in September 2018 (the "Interim UBM Dividend"), and (b) by way of a special dividend from UBM, an amount (if any) per UBM Share equal to 1.083 times the amount of any further ordinary interim dividend(s) declared or paid by Informa with a record date falling prior to the Effective Date, less the value of any Interim UBM Dividend paid or to be paid by UBM (the "Balancing Dividend").

· Informa reserves the right to reduce the terms of the Offer to take account of the value of any dividend or other distribution which is announced, declared, made or paid by UBM which is in addition to the dividends UBM Shareholders are entitled to receive as set out above.

This summary should be read in conjunction with the following announcement and the Appendices. The conditions to, and certain further terms of, the Offer are set out in Appendix 1. The bases and sources for certain financial information contained in this announcement are set out in Appendix 2. Details of undertakings received by Informa are set out in Appendix 3. Information relating to the Quantified Financial Benefits Statement made in this announcement and the reports of the Informa reporting accountants and financial advisers are set out in Appendix 4. The Informa Profit Estimate and the reports of the Informa reporting accountants and financial advisers are set out in Appendix 5. The UBM Profit Estimate and the reports of the Informa reporting accountants and financial advisers are set out in Appendix 6. Certain definitions and terms used in this announcement are set out in Appendix 7.

Analyst and investor presentation:

There will be an analyst presentation for research analysts and investors at 9.30 a.m. (GMT) Tuesday, 30 January 2018 to be held at Rothschild, New Court, St Swithin's Lane, London, EC4N 8AL. The presentation will be webcast with dial in and playback facility. For details please contact Richard Menzies-Gow on [phone]. A copy of the presentation will be available, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, at www.informa.com and www.ubm.com in due course. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

[R-BgO]

Antwort auf Beitrag Nr.: 57.909.468 von R-BgO am 05.06.18 10:12:12

Deal hat geclosed, meine Stücke wurden ausgebucht

weiter geht's hier

Thread: Informa plc

[R-BgO]

Friedhof der Übernahmen