WPP Finance 2010 Announces Results of its Tender Offer For Certain of its Dollar-Denominated Notes

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.

NEW YORK & LONDON–(BUSINESS WIRE)–WPP (NYSE: WPP) today issued the following statement:

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prior to the Expiration Time and not validly withdrawn.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principal amount of Notes validly tendered and not withdrawn in the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:

Title of Security   CUSIP / ISIN Numbers  

Aggregate Principal Amount
Outstanding

 

Aggregate Principal Amount
Tendered1

 

Aggregate Principal Amount Tendered using
guaranteed
delivery procedures

5.125% Notes due September 2042

92936M AD9 / US92936MAD92

US$271,578,000 US$178,744,000 N/A

5.625% Notes due November 2043

92936M AE7 / 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.

Contacts

Fran Butera, WPP
Fran.Butera@wpp.com
+1
212 632 2235

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