5th Sep 2005 15:48
WPP Group PLC05 September 2005 WPP Group plc 5 September 2005 WPP Group plc ("WPP") Documents Re: Scheme of Arrangement On 26 August 2005, the Board of WPP announced its proposal to implement acorporate reorganisation, by way of a Court approved scheme of arrangement undersection 425 of the Companies Act 1985, to introduce a new listed holding companyfor the group (New WPP) which will then implement a reduction of capital tocreate additional distributable reserves. WPP announces that a circular setting out the details of the proposed scheme ofarrangement and reduction of capital was lodged with the UK Listing Authorityand posted to share owners on 31 August 2005. A prospectus relating to theproposed admission to the Official List and to trading on the London StockExchange of up to 1,270,000,000 Ordinary Shares of 475p each in New WPP (whichwill be renamed WPP Group plc on admission) was also filed with the UK ListingAuthority and published on the same date. The circular and prospectus are available for inspection at the UK ListingAuthority's Document Viewing Facility, which is situated at: Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS Telephone: +44 20 7066 1000 Copies of the circular and prospectus are also available for inspection at theregistered office of WPP and New WPP (in both cases Pennypot Industrial Estate,Hythe, Kent CT21 6PE) and at the offices of Allen & Overy LLP, One New Change,London EC4M 9QQ. Copies of the prospectus may be obtained, free of charge, fromWPP or New WPP (as above, or 020 7408 2204). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
WPP