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WPP PLC (WPP.L)

WPP.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Former Burberry Boss And Apple Executive Angela Ahrendts Joins WPP Board - FT
Thursday, 11 Jun 2020 

June 11 (Reuters) - :FORMER BURBERRY BOSS AND APPLE EXECUTIVE ANGELA AHRENDTS JOINS WPP BOARD - FT.  Full Article

WPP Investors To Vote On Kantar Deal On Oct. 24
Tuesday, 8 Oct 2019 

Oct 8 (Reuters) - WPP PLC ::TO CONVENE A GENERAL MEETING ON OCT 24 AT WHICH AN RESOLUTION WILL BE PROPOSED FOR WPP SHAREHOLDERS TO APPROVE THE KANTAR DEAL.  Full Article

WPP Names Keith Weed As A Non-Executive Director
Thursday, 19 Sep 2019 

Sept 19 (Reuters) - WPP PLC ::ANNOUNCES APPOINTMENT OF KEITH WEED TO BOARD AS A NON-EXECUTIVE DIRECTOR..FOR LAST NINE YEARS WEED WAS CHIEF MARKETING AND COMMUNICATIONS OFFICER AT UNILEVER.  Full Article

WPP To Sell 60% Of Kantar To Bain Capital
Friday, 12 Jul 2019 

July 12 (Reuters) - WPP PLC ::PROPOSED SALE OF 60% OF KANTAR.WPP LEVERAGE TARGET TO BE MET A YEAR AHEAD OF PLAN; C.£1.0BN SHAREHOLDER RETURN PLANNED.INVESTMENT BY BAIN CAPITAL PRIVATE EQUITY VALUES KANTAR AT C.$4.0BN.WPP LEVERAGE TARGET TO BE MET A YEAR AHEAD OF PLAN; C.£1.0BN SHAREHOLDER RETURN PLANNED.PROCEEDS TO WPP ON COMPLETION AFTER TAX AND CONTINUING INVESTMENT IN KANTAR EXPECTED TO BE C.$3.1BN.IMPACT OF PROPOSED TRANSACTION AND USE OF PROCEEDS EXPECTED TO BE MARGINALLY DILUTIVE TO HEADLINE EPS IN 2021.POTENTIAL VALUE UPSIDE FOR WPP SHAREHOLDERS FROM 40% EQUITY STAKE IN KANTAR.TO RETAIN C.60% OF NET PROCEEDS FROM DEAL TO REDUCE DEBT TO LOW END OF TARGET LEVERAGE RANGE OF 1.5 - 1.75X AVERAGE NET DEBT/EBITDA FOR 2020.IMPACT OF PROPOSED TRANSACTION AND USE OF PROCEEDS EXPECTED TO BE MARGINALLY DILUTIVE TO HEADLINE EPS IN 2021.EQUITY VALUE OF DEAL AFTER EXPECTED COMPLETION ADJUSTMENTS IS C.$3.7BN (C.£3.0BN).COMPLETION AND ASSOCIATED PROCEEDS RELATING TO NO LESS THAN 86% OF KANTAR EXPECTED IN EARLY 2020.AFTER DEAL COSTS, TAX & WPP'S CONTINUING INVESTMENT OF C.$0.4BN TO OWN 40% OF EQUITY IN KANTAR, NET CASH PROCEEDS TO WPP EXPECTED TO BE C.$3.1BN.WPP MAY RECEIVE CERTAIN OTHER PAYMENTS DURING LIFE OF ITS PARTNERSHIP WITH BAIN CAPITAL.MAY GET ADDITIONAL CONSIDERATION OVER NEXT 3 YEARS IN RESPECT OF SOME CONTINGENT LIABILITIES, IF SUCH LIABILITIES ARE LOWER THAN ESTIMATED.COMPLETION (AND ASSOCIATED PROCEEDS) RELATING TO A LARGE MAJORITY OF KANTAR'S OPERATIONS IS EXPECTED IN EARLY 2020.  Full Article

WPP Buys Majority Stake In AQuest
Thursday, 4 Jul 2019 

July 4 (Reuters) - WPP PLC ::AQUEST JOINS WPP.WPP TODAY ANNOUNCES ACQUISITION OF A MAJORITY STAKE IN ITALIAN TECHNOLOGY-DRIVEN CREATIVE AGENCY, AQUEST.DEAL TERMS ARE NOT DISCLOSED.  Full Article

WPP AUNZ Updates On Potential Sale Of Kantar Business By WPP Plc
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Wpp Aunz Ltd ::UPDATES ON POTENTIAL SALE OF KANTAR BUSINESS.WPP AUNZ SAYS WPP ENTERS EXCLUSIVE DISCUSSIONS WITH BAIN CAPITAL FOR SALE OF MAJORITY SHAREHOLDING IN KANTAR.WPP AUNZ SAYS HEADLINE ENTERPRISE VALUE OF KANTAR (FOR 100%) IS C.$4BN.EXPLORING STRATEGIC OPTIONS OVER KANTAR, IN DISCUSSIONS WITH WPP PLC TO SELL ALL OF ITS STAKE IN KANTAR BUSINESS IN AUSTRALIA, NEW ZEALAND.NO CERTAINTY THAT TRANSACTION WILL OCCUR OR THAT DISCUSSIONS WITH WPP WILL RESULT IN WPP AUNZ PARTICIPATING IN TRANSACTION.  Full Article

WPP Says Kantar Stake Sale Progressing In Line With Expectations, FY Guidance Unchanged
Wednesday, 12 Jun 2019 

June 12 (Reuters) - WPP PLC ::WPP 2019 AGM STATEMENT.FULL-YEAR GUIDANCE UNCHANGED.PREVIOUSLY ANNOUNCED PROCESS FOR SALE OF A MAJORITY STAKE IN KANTAR IS PROGRESSING IN LINE WITH OUR EXPECTATIONS.  Full Article

WPP Announces Results Of The Proposal And The Tender Offer
Monday, 25 Mar 2019 

March 25 (Reuters) - WPP PLC ::RESULTS OF THE PROPOSAL AND THE TENDER OFFER.AT MEETING, EXTRAORDINARY RESOLUTION WAS PASSED & BECAME UNCONDITIONAL; ACCORDINGLY THIRD SUPPLEMENTAL TRUST DEED RELATING TO BONDS EXECUTED.  Full Article

WPP Appoints Microsoft UK CEO Cindy Rose To Board
Tuesday, 12 Mar 2019 

March 12 (Reuters) - WPP PLC ::BOARD APPOINTMENT.APPOINTS MICROSOFT UK CEO, CINDY ROSE OBE, TO BOARD.ANNOUNCES APPOINTMENT OF CINDY ROSE OBE TO ITS BOARD AS A NON-EXECUTIVE DIRECTOR.  Full Article

Geometry Says CEO Steve Harding Hands Reins To Beth Ann Kaminkow
Friday, 1 Mar 2019 

March 1 (Reuters) - WPP PLC ::GEOMETRY - CEO STEVE HARDING HANDS REINS TO BETH ANN KAMINKOW AFTER 14 YEARS.  Full Article

FTSE 100 climbs on upbeat Unilever earnings, WPP boost

July 23 London's FTSE 100 rose on Thursday as a slate of upbeat quarterly earnings reports bolstered optimism about a post-pandemic corporate rebound, with Unilever surging after reporting a much lower drop in sales than feared.