UBM Regulatory News (UBM)

15 May 2018

UBM LEI: 213800KLMH5SP3247C87

UBM - good momentum continues

UBM plc today issues the following trading update for the current financial year to date. As highlighted at the preliminary results, UBM is seeing good momentum in the business as the Events First strategy continues to translate into performance. The business has performed in line with management expectations during the period.

The Game Developers' Conference, Enterprise Connect and Hotel Plus grew strongly and CPhI North America, MD&M West, Hotelex & FineFood and Seatrade Cruise Global delivered good growth. The US spring fashion events performed in line with our expectations though, as previously indicated, the Fashion sector remains challenging. The Allworld integration is progressing well with performance in line with the business case. Allworld's largest event, the biennial 'Food and Hospitality Asia' (FHA), delivered strong growth.

To date four bolt-on events businesses have been acquired for a combined consideration of £20.2m. In addition to the two acquisitions announced at the full year results, MetalTech in Malaysia was acquired from ITE and three food, hospitality and retail events in Hong Kong were acquired from Diversified Communications. The pipeline remains strong. As part of the business as usual review of the portfolio, Medtech Europe and a number of small US fashion and UK construction media assets were disposed of.

At the end of March, final proceeds of $43.4m relating to the sale of PR Newswire were received bringing the total proceeds from the disposal to $853.4m.

On 30 January 2018, the Board of UBM recommended an offer from Informa PLC to acquire the entire issued and to be issued share capital of UBM. UBM and Informa shareholders approved this transaction on 17 April 2018 and the combination remains on track for completion by the end of the second quarter of 2018.

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About UBM plc

UBM plc is the largest pure-play B2B Events organiser in the world.

In an increasingly digital world, the value of connecting on a meaningful, human level has never been more important. At UBM, our deep knowledge and passion for the industry sectors we serve allow us to create valuable experiences where people can succeed. At our events people build relationships, close deals and grow their businesses.

Our 3,750+ people, based in more than 20 countries, serve more than 50 different industry sectors - from fashion to pharmaceutical ingredients. These global networks, skilled, passionate people and market-leading events provide exciting opportunities for business people to achieve their ambitions.

For more information, go to www.ubm.com; for UBM corporate news, follow us on Twitter at @UBM.