Business
RESULTS OF THE PROPOSAL AND THE TENDER OFFER
RESULTS OF THE PROPOSAL AND THE TENDER OFFER.
About this update from Wpp Plc
[{"type":"text","content":"\n \nRNS Number : 8902T 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.\n \n25 March 2019\n \nWPP FINANCE S.A.\n \nANNOUNCEMENT OF RESULTS OF THE PROPOSAL AND THE TENDER OFFER\n \nOn 28 February 2019, WPP Finance S.A. (the Offeror) announced an invitation to the holders (the Bondholders) of its outstanding £200,000,000 6.375 per cent. Guaranteed Bonds due 2020 (ISIN: XS0329581333) (the Bonds) issued by the Offeror and guaranteed by, inter alios, WPP plc, WPP 2005 Limited and WPP Jubilee Limited ((the Guarantors):\n(i) to tender their Bonds for purchase by the Offeror for cash (the Tender Offer); and \n(ii) to consent to certain modifications to the terms and conditions of the Bonds (the Conditions) contained within the Trust Deed (as defined in the Offer Memorandum), to facilitate the full and final redemption of the Bonds as proposed by the Offeror (the Proposal) for approval by Extraordinary Resolution at a meeting of Bondholders (the Meeting) (such invitation, the Consent Solicitation),\n \neach on the terms of and subject to the conditions set out in the tender offer and consent solicitation memorandum dated 28 February 2019 (the Offer Memorandum).\n \nCapitalised terms used in this announcement, and not otherwise defined, have the meanings given to them in the Offer Memorandum. \nThe Tender Offer and the Consent Solicitation \nResults of the Meeting \n \nThe Meeting was held earlier today and notice is hereby given to Bondholders that, at the Meeting, the Extraordinary Resolution was duly passed and became unconditional, and accordingly the Third Supplemental Trust Deed relating to the Bonds has been executed by the parties theret...