15:09 Mon 25 Mar 2019
WPP PLC - PRICING OF THE TENDER OFFER & CONSENT SOLICITATION
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.
NOT FOR DISTRIBUTION TO ANY
ANNOUNCEMENT OF PRICING OF THE TENDER OFFER AND THE CONSENT SOLICITATION
Earlier today,
Capitalised terms used in this announcement, and not otherwise defined, have the meanings given to them in the tender offer and consent solicitation memorandum dated
Notice is hereby given to Bondholders that: (i) the Early Purchase Price will be 108.629 per cent. of the principal amount of the relevant Bonds (being
The Offeror will also pay, on the Settlement Date, an Accrued Interest Payment of
The expected Settlement Date and the expected Mandatory Redemption Date is
DEALER MANAGERS |
|
Barclays Bank PLC 5
Telephone: +44 (0) 20 3134 8515 Attention: Email: eu.lm@barclays.com
|
NatWest Markets Plc 250 Bishopsgate
Telephone: +44 (0) 20 7678 5222 Attention: Liability Management |
TENDER AND TABULATION AGENT |
Tankerton Works 12 Argyle Walk Telephone: +44 20 7704 0880 Attention: Email: wpp@lucid-is.com |
This announcement is released by
DISCLAIMER
This announcement must be read in conjunction with the Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Offer Memorandum comes are requested by each of the Offeror, the Trustee, the Dealer Managers and the Tender and Tabulation Agent to inform themselves about and to observe any such restrictions.
[1] The Early Purchase Yield is the annualised sum of the Tender Spread and the Benchmark Security Rate and for the purposes of this announcement has been rounded to the nearest 0.001 per cent. with 0.0005 per cent. being rounded upwards.
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