WPP PLC WPP Finance 2010 Announces Results of Tender Offer (3408Y)
08 May 2019 - 5:14PM
UK Regulatory
TIDMWPP
RNS Number : 3408Y
WPP PLC
08 May 2019
THIS 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.
WPP Finance 2010 Announces Results of its Tender Offer For
Certain of its Dollar-Denominated Notes
May 8, 2019
WPP Finance 2010 ("WPP") announces today the results of its
offer to purchase (the "Offer") any and all of the outstanding
notes listed in the table below (collectively, the "Notes") as
further described in the Offer to Purchase, dated May 1, 2019 (the
"Offer to Purchase"). Capitalised terms used in this announcement
but not defined have the meaning given to them in the Offer to
Purchase.
The Offer expired at 5.00p.m. (Eastern time) on May 7, 2019.
According to information provided by the Tender Agent,
US$409,488,000 aggregate principal amount of the Notes were validly
tendered at or prior to the Expiration Time and not validly
withdrawn. These amounts include US$479,000 aggregate principal
amount of Notes to be tendered pursuant to the guaranteed delivery
procedures described in the Offer to Purchase, which remain subject
to the holders' performance of the delivery requirements under such
procedures. All such Notes have been accepted for purchase. The
"Settlement Date" for the Offer is expected to be May 10, 2019. The
following table sets forth the aggregate principal amount of Notes
validly tendered and not withdrawn in the Offer:
Aggregate Principal
Amount Tendered using
Aggregate Principal Aggregate Principal guaranteed delivery
Title of Security CUSIP / ISIN Numbers Amount Outstanding Amount Tendered(]) procedures
---------------------- ---------------------- ---------------------- ---------------------- ----------------------
5.125% Notes due 92936M AD9 /
September 2042 US92936MAD92 US$271,578,000 US$178,744,000 N/A
5.625% Notes due 92936M AE7 /
November 2043 US92936MAE75 US$450,310,000 US$230,265,000 US$479,000
________________
(1) Excluding principal amounts of Notes tendered using
guaranteed delivery procedures.
Holders whose Notes are accepted for purchase will be paid
accrued and unpaid interest on such Notes to, but not including,
the Settlement Date (such amount, "Accrued Interest"). Interest
will cease to accrue on the Settlement Date for all Notes accepted
in the Offer.
For additional information, please contact the Dealer Managers
at ING Financial Markets LLC at +1 (877) 446-4930 (toll free) or +1
646 424 8972 (collect) or +44 20 7767 6784 (Europe), J.P. Morgan
Securities LLC at +1 (866) 834-4666 (toll free) or + 1 212 834-3424
(collect) and Merrill Lynch International at +1 (980) 387-3907
(collect) or +1 (888) 292-0070 (toll free), +44-20-7996-5420
(Europe) or DG.LM_EMEA@baml.com, or the Tender Agent, D.F. King
& Co., Inc at +1 (866) 745-0267 (toll free) or +1 (212)
269-5550 or wpp@dfking.com.
Market Abuse Regulation
This announcement is released by WPP Finance 2010 and contains
information that qualified or may have qualified as inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 ("MAR"), encompassing information relating
to the Offer described above. For the purposes of MAR and Article 2
of Commission Implementing Regulation (EU) 2016/1055, this
announcement is made by Paul Richardson of WPP Finance 2010.
Disclaimer
This announcement does not constitute an invitation to
participate in the Offer.
The distribution of this announcement and/or the Offer to
Purchase in certain jurisdictions may be restricted by law. Persons
into whose possession this announcement and/or the Offer to
Purchase come(s) are required by WPP, the Dealer Managers and the
Tender Agent to inform themselves about, and to observe, any such
restrictions.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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