WPP Group PLC
16 October 2001
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA
OR JAPAN
WPP GROUP PLC
OFFER FOR TEMPUS GROUP PLC
On 2 October 2001, WPP announced that its Offer for Tempus had become
unconditional as to acceptances and had been extended to 3.00 p.m. on 15
October 2001.
The Offer remains subject to the conditions (other than the acceptance
condition) set out in the offer document dated 10 September 2001 (the
'Offer Document'). As announced on 10 October 2001, WPP is seeking the
consent of the Takeover Panel to invoke the material adverse change
condition in relation to its Offer for Tempus, as set out in paragraph (g)
(i) of Appendix 1, Part A of the Offer Document. WPP is continuing to hold
discussions with the Takeover Panel regarding its submission made on 10
October 2001. Accordingly, the Offer is extended to 3.00 p.m. on 22
October 2001.
Enquiries:
WPP Telephone: +44 20 7408 2204
Sir Martin Sorrell, Group Chief Executive
Paul Richardson, Group Finance Director
MERRILL LYNCH Telephone: +44 20 7628 1000
Philip Yates, Managing Director
Richard Taylor, Director
Tim Pratelli, Director
GOLDMAN SACHS Telephone: +44 20 7774 1000
Richard Campbell-Breeden, Managing Director
James Del Favero, Managing Director
BUCHANAN COMMUNICATIONS Telephone: +44 20 7466 5000
Richard Oldworth, Managing Director
Mark Edwards, Director
The definitions set out in the Offer Document have the same meanings in
this announcement unless the context requires otherwise.
The Offer is not being made, directly or indirectly, in or into Australia,
Canada or Japan. Accordingly, copies of this announcement are not being,
and must not be, mailed or otherwise distributed or sent in or into or
from Australia, Canada or Japan.
The Directors of WPP accept responsibility for the information contained
in this announcement and, to the best of their knowledge and belief
(having taken all 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 and Goldman Sachs International, both of which
are regulated in the United Kingdom by The Securities and Futures
Authority Limited, are acting exclusively for WPP in connection with the
Offer and for no one else and will not be responsible to anyone other than
WPP for providing the protections afforded to their respective customers
or for providing advice in relation to the Offer or any other matter
referred to herein.
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Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
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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