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UNITED NEWSPAPERS PLC RIGHTS ISSUE FULLY SUBSCRIBED

 LONDON, July 21 /PRNewswire/ -- United Newspapers plc (NASDAQ-NMS: UNEWY) announced that as at 3 p.m. on July 20, 1993, acceptances have been received in respect of 38,734,107 new ordinary shares representing approximately 95.7 percent of the total number of new ordinary shares offered by way of rights under the 1-for-5 rights issue announced on June 29, 1993.
 The balance of 1,721,298 new ordinary shares has been placed in the market at a premium. The net proceeds (after deducting the subscription price and expenses of procuring subscribers), representing approximately 41 pence per share, will be aggregated and distributed, in accordance with the terms of the rights issue, pro rata to qualifying shareholders to whom such new ordinary shares were provisionally allotted, except that individual amounts of less than 3.00 pounds per shareholding will be retained for the benefit of the company.
 The latest time for registering renunciation of fully paid allotment letters is 3 p.m. on Aug. 10, 1993.
 It is expected that definitive share certificates in respect of the new ordinary shares will be dispatched to shareholders by Aug. 31, 1993.
 -0- 7/21/93
 /CONTACT: C. Stern, finance director, United Newspapers plc, 071-921-5000; or A.M. Galloway of Samuel Montagu & Co. Limited, 071-260-9299/
 (UNEW)


CO: United Newspapers plc ST: IN: PUB SU:

JG-MI -- DE007 -- 3842 07/21/93 10:12 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
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