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PRICING OF THE TENDER OFFER & CONSENT SOLICITATION
PRICING OF THE TENDER OFFER & CONSENT SOLICITATION.
About this update from Wpp Plc
[{"type":"text","content":"\n \nRNS Number : 9263T WPP PLC 25 March 2019 \n\nTHIS 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.\nNOT FOR DISTRIBUTION TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) (\"U.S. PERSON\") OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (TOGETHER, THE \"UNITED STATES\") OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n25 March 2019\n \nWPP FINANCE S.A.\n \nANNOUNCEMENT OF PRICING OF THE TENDER OFFER AND THE CONSENT SOLICITATION\n \nEarlier today, WPP Finance S.A. (the Offeror) announced the results of the Tender Offer and the Proposal in respect of its outstanding £200,000,000 6.375 per cent. Guaranteed Bonds due 2020 (ISIN: XS0329581333) (the Bonds). \n \nCapitalised terms used in this announcement, and not otherwise defined, have the meanings given to them in the tender offer and consent solicitation memorandum dated 28 February 2019 (the Offer Memorandum). \nNotice 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 £1,086.29 per £1,000 in principal amount of the relevant Bonds), based on an Early Purchase Yield of 0.956 per cent.[1]; (ii) the Late Purchase Price will be 107.629 per cent. of the principal amount of the relevant Bonds (being £1,076.29 per £1,000 in principal amount of the relevant Bonds); and (iii) the Mandatory Redemption Price will be 107.629 per cent. of the principal amount of the Bonds (being £1,076.29 per £1,000 in principal amount of the relevant Bonds). \nThe Offeror will also pay, on the Settlement Date, an Accrued Interest Payment of £24.63 in respect of each £1,000 outstanding principal amount of Bonds accepted for purchase pursuant to the Tender Offer.\nThe expected Settlement Date and the expected Mandatory Redemption Date is 27 March 2019.\n \n \n\n\n\nDEALER MANAGERS\n\n\n\n\nBarclays Bank PLC\n5 The North Colonnade\nCanary Wharf\nLondon E14 4BB\nUnited Kingdom\n \nTelephone: +44 (0) 20 3134 8515\nAttention: Liability Management Group\nEmail: eu.l...