WPPGY » Topics » Redeemable Shares and Purchase of Own Shares

This excerpt taken from the WPPGY 6-K filed Nov 10, 2005.

Redeemable Shares and Purchase of Own Shares

 

Subject to the U.K. Companies Act, and without prejudice to any rights attaching to any existing shares or class of shares, in such manner as is provided in the articles of association, shares may be issued that are to be redeemed or which at the option of WPP or the holder are liable to be redeemed.

 

Subject to the U.K. Companies Act and to Chapter 12 of the listing rules of the United Kingdom Listing Authority (the “Listing Rules”) and without prejudice to any relevant special rights attached to any class of shares, WPP may purchase any of its own shares of any class in any way and at any price (whether at par or above or below par).

 

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