25th Oct 2005 08:44
WPP Group PLC25 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 Groupplc) becoming effective, 1,256,650,040 ordinary shares of 475p each of WPP Groupplc (New WPP) (formerly called WPP 2005 plc) have been admitted to the OfficialList and to trading on the London Stock Exchange. Dealings commenced today at 8a.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 bereduced by 465p from 475p to 10p. It is currently proposed that, subject toCourt approval, such reduction will become effective on 27 October 2005. The interests of the Directors in the shares of WPP are identical to theinterests 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 circulardated 31 August 2005 have the same meaning in this announcement. The directors of WPP accept responsibility for the information contained in thisannouncement and, to the best of their knowledge and belief (having takenreasonable care to ensure that such is the case), the information contained inthis announcement is in accordance with the facts and does not omit anythinglikely to affect the import of such information. Merrill Lynch International, which is authorised and regulated in the UK by theFinancial Services Authority, is acting exclusively for WPP and New WPP inconnection with the Scheme Proposals and for no-one else and will not beresponsible to anyone other than WPP and New WPP for providing the protectionsafforded to their respective clients, for the contents of this announcement, orfor providing advice in relation to the Proposals. Securities may not be offered or sold in the United States unless they areregistered under the US Securities Act of 1933, as amended, (the "US SecuritiesAct") or exempt from such registration. The New WPP Shares being issued to WPPShare Owners under the Scheme have not been and will not be registered under theUS Securities Act (nor under the securities laws of any state of the UnitedStates), but will be issued in reliance upon the exemption from the registrationrequirements of the US Securities Act provided by section 3(a)(10) thereof.Neither the SEC nor any US state securities commission has approved ordisapproved of the New WPP Shares or passed upon the adequacy or accuracy of anydocument relating to the Scheme. Any representation to the contrary is acriminal offence in the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
WPP