WPP Group PLC
01 April 2004
FOR IMMEDIATE RELEASE 1 April 2004
WPP GROUP PLC ("WPP")
WPP posted a Circular to share owners on 22 March 2004 relating to the proposed
WPP 2004 Leadership Equity Acquisition Plan (the "2004 Plan"). The Circular
includes a Notice of Extraordinary General Meeting to be held on 7 April 2004 at
which a resolution will be proposed for the approval of the 2004 Plan.
Prior to the posting of the Circular, WPP held discussions with representative
share owner organisations and a number of major institutional share owners.
Following the posting of the Circular these discussions continue.
As a result, WPP intends to change the 2004 Plan as detailed in the Circular by
removing the weighted relevance factors for WPP and the companies in the key
global competitor comparator group.
In order to give share owners entitled to vote at the meeting appropriate
opportunity to consider this change it is proposed that the Extraordinary
General Meeting to be held on 7 April 2004 be adjourned by the Chairman of the
meeting pursuant to article 38.2 of WPP's articles of association. The adjourned
meeting will now take place on Friday 16 April 2004 at 11.30 a.m. at The Savoy
Hotel, The Strand, London WC2.
Share owners entitled to vote at the adjourned meeting will be issued with a new
pink form of proxy. This will enable them to change any instruction on any form
of proxy which has already been submitted. All forms of proxy should reach
Computershare Investor Services PLC, P.O. Box 1075, The Pavillions, Bridgewater
Road, Bristol BS99 3FA not later than 24 hours before the time appointed for the
adjourned Extraordinary General Meeting. Completion and return of either form
of proxy will not preclude share owners from attending and voting at the meeting
if they wish.
For further information please contact: Feona McEwan, WPP Tel: 44-20 7408 2204
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
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.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.