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BRIEF-WPP Announces Proposal To Acquire Remaining Shares In WPP AUNZ

Published 30/11/2020, 07:09 pm
© Reuters.
WPP
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Nov 30 (Reuters) - WPP PLC WPP.L :

* WPP PLC - PROPOSAL TO ACQUIRE REMAINING SHARES IN WPP AUNZ

* WPP - WPP SUBMITS PROPOSAL TO ACQUIRE REMAINING SHARES IN WPP AUNZ

* WPP - SUBMITTED A PROPOSAL TO BOARD OF WPP AUNZ LIMITED ("WPP AUNZ") TO PURSUE AN ACQUISITION OF REMAINING SHARES IN WPP AUNZ

* WPP - WPP CURRENTLY HOLDS A STAKE OF APPROXIMATELY 61.5% OF SHARE CAPITAL OF WPP AUNZ

* WPP - PROPOSAL MADE BY WPP, OF A$0.55 PER SHARE IN CASH,

* WPP - HAS SUBMITTED A PROPOSAL TO BOARD OF WPP AUNZ LIMITED ("WPP AUNZ") TO PURSUE AN ACQUISITION OF REMAINING SHARES IN WPP AUNZ

* WPP - PROPOSAL MADE BY WPP, OF A$0.55 PER SHARE IN CASH

* WPP - TOTAL AGGREGATE CONSIDERATION PAYABLE BY WPP FOR REMAINING SHARES WOULD BE APPROXIMATELY A$181M

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