3rd Dec 2014 16:20
Chime Communications plc
("Chime" or "Company")
Chime has been notified that on 2nd December 2014, the direct interest of WPP has increased to 18.02% of the Company. This notification has been triggered by the holding of WPP increasing to above the 18% threshold.
WPP's holding in Chime is held in WPP Beans Ltd.
Chime confirms the total issued share capital as at this date is 100,149,112 ordinary shares of 25 pence each.
This is the first notification Chime has received from WPP since October 2013 when Chime was informed by WPP of its intention to explore a sale of its stake in Chime, subject to price and other terms being satisfactory to WPP's Board. This was communicated to Chime shareholders in the Prospectus and Notice of General Meeting dated 23rd October 2013.
For further information please contact:
Christopher Satterthwaite, Chief Executive Chime Communications | 020 7096 5888 |
Mark Smith, Chief Operating Officer and Finance Director Chime Communications | 020 7096 5888 |
James Henderson / Victoria Geoghegan / Elizabeth Snow Bell Pottinger
| 020 3772 2562 |
Related Shares:
CHW.L