Close period buy-back programme
WPP plc (the "Company") announces that it has entered into an irrevocable and non-discretionary arrangement with its broker, Merrill Lynch International, to repurchase ordinary shares on its behalf during the Company's closed period between 1 October 2016 and 27 October 2016 (which is the day prior to the expected announcement of the Company's results for the third quarter of 2016). These will be repurchased within certain pre-set parameters and held as treasury shares. This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules on purchases during the Close Period and the Company's general authority to repurchase shares.
The maximum pecuniary amount allocated to the buy-back programme is £43,937,500 and the maximum number of shares that will be purchased is 2,375,000, for the purpose of shareholder returns.
This information is provided by RNS