WPP Group PLC
25 October 2005
Announcement that dealings have commenced in the shares of WPP Group plc
25 October 2005
WPP Group plc
(formerly called WPP 2005 plc)
Admission Effective
Following the Scheme of Arrangement of WPP 2005 plc (formerly called WPP Group
plc) becoming effective, 1,256,650,040 ordinary shares of 475p each of WPP Group
plc (New WPP) (formerly called WPP 2005 plc) have been admitted to the Official
List and to trading on the London Stock Exchange. Dealings commenced today at 8
a.m on the London Stock Exchange.
Dealings in New WPP ADSs will commence today at 9.30 a.m. on NASDAQ.
It is proposed that the nominal value of each ordinary share of New WPP will be
reduced by 465p from 475p to 10p. It is currently proposed that, subject to
Court approval, such reduction will become effective on 27 October 2005.
The interests of the Directors in the shares of WPP are identical to the
interests the Directors previously held in WPP 2005 plc.
Enquiries:
Feona McEwan
Tel: +44 (0)20 7408 2204
Additional information
Unless the context otherwise appears, terms defined in WPP's scheme circular
dated 31 August 2005 have the same meaning in this announcement.
The directors of WPP accept responsibility for the information contained in this
announcement and, to the best of their knowledge and belief (having taken
reasonable care to ensure that such is the case), the information contained in
this announcement is in accordance with the facts and does not omit anything
likely to affect the import of such information.
Merrill Lynch International, which is authorised and regulated in the UK by the
Financial Services Authority, is acting exclusively for WPP and New WPP in
connection with the Scheme Proposals and for no-one else and will not be
responsible to anyone other than WPP and New WPP for providing the protections
afforded to their respective clients, for the contents of this announcement, or
for providing advice in relation to the Proposals.
Securities may not be offered or sold in the United States unless they are
registered under the US Securities Act of 1933, as amended, (the "US Securities
Act") or exempt from such registration. The New WPP Shares being issued to WPP
Share Owners under the Scheme have not been and will not be registered under the
US Securities Act (nor under the securities laws of any state of the United
States), but will be issued in reliance upon the exemption from the registration
requirements of the US Securities Act provided by section 3(a)(10) thereof.
Neither the SEC nor any US state securities commission has approved or
disapproved of the New WPP Shares or passed upon the adequacy or accuracy of any
document relating to the Scheme. Any representation to the contrary is a
criminal offence in the United States.
This information is provided by RNS
The company news service from the London Stock Exchange DLSFEE
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Obtains access to the information in a personal capacity;
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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