Accession to Trust Deeds

RNS Number : 6289I

WPP PLC

20 November 2008

 



20 November 2008 

WPP plc

Accession to Trust Deeds by WPP Guarantors under the Scheme of Arrangement

WPP plc announces that, in connection with the Scheme of Arrangement (the 'Scheme') which became effective on 19 November 2008, WPP plc together with WPP Air 1 Limited and WPP Air 3 Limited have on 19 November 2008 entered into Supplemental Trust Deeds in order to accede as guarantors to Trust Deeds already in place constituting the following existing bonds: 

• €750,000,000 6.625 per cent. Guaranteed Bonds due 2016 issued on 12 May 2008 by WPP Group plc (WPP) and guaranteed by WPP 2005 Limited (WPP 2005) pursuant to the trust deed dated 12 May 2008 (2016 Bonds);

• £400,000,000 6.0 per cent. Guaranteed Bonds due 2017 issued on 4 April 2007 by WPP and guaranteed by WPP 2005 pursuant to the trust deed dated 4 April 2007 (2017 Bonds); 

• €600,000,000 4.375 per cent. Guaranteed Bonds due 2013 issued on 5 December 2006 by WPP and guaranteed by WPP 2005 pursuant to the trust deed dated 5 December 2006 (2013 Bonds); and 

• €500,000,000 5.25 per cent. Guaranteed Bonds due 2015 and £200,000,000 6.375 per cent. Guaranteed Bonds due 2020 issued on 6 November 2007 by WPP Finance S.A. and guaranteed on a joint and several basis by WPP and WPP 2005 pursuant to the trust deeds dated 6 November 2007 (Finance Bonds);

In addition, as from 19 November 2008, WPP Group plc changed its name to WPP 2008 plc and initiated the process to re-register as a private company.

Contacts

WPP PLC	[phone]
Feona McEwan
BUCHANAN COMMUNICATIONS	[phone]
Richard Oldworth
MERRILL LYNCH INTERNATIONAL	[phone]
Richard Taylor
Mark Astaire (Corporate Broking)

 

END

 

 

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