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WPPGY » Topics » Option price

These excerpts taken from the WPPGY 6-K filed Sep 8, 2005.

Option price

 

The price payable per New WPP Share for the exercise of an option must not be less than the lower of the two prices shown for New WPP Shares on the grant date plus one quarter of the difference between them (as derived from the Daily Official List of the London Stock Exchange or other reputable market source) or, in the case of an option over a New WPP ADS, the fair market value of a New WPP ADS as quoted on the NASDAQ over any number of consecutive dealing days (being not more than 5) immediately preceding or ending on the grant date.

 

Option price

 

The price payable per New WPP Share for the exercise of an option must not be less than the lower of the two prices shown for New WPP Shares on the grant date plus one quarter of the difference between them (as derived from the Daily Official List of the London Stock Exchange or other reputable market source) or, in the case of an option over a New WPP ADS, the fair market value of a New WPP ADS as quoted on the NASDAQ over any number of consecutive dealing days (being not more than 5) immediately preceding or ending on the grant date.

 

EXCERPTS ON THIS PAGE:

6-K (2 sections)
Sep 8, 2005

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