WPP Offer Update for TNS - Oct 22
22 October, 2008
Announcement of acceptance level
WPP announces that as at 3.00 p.m. (London time) on 22 October 2008, valid acceptances of the Offer had been received in respect of a total of 383,896,250 TNS Shares, representing approximately 91.72 per cent. of the existing issued share capital of TNS.
Persons presumed to be acting in concert with WPP in respect of the Offer have an interest in an aggregate amount of 30,000 TNS Shares (representing approximately 0.01 per cent. of the existing issued share capital of TNS). Save as disclosed, as at 3.00 p.m. (London time) on 22 October 2008, neither WPP nor any person acting in concert with WPP had any interest in any relevant securities of TNS. Extension of the Offer
The Offer will remain open for acceptance until 3.00 p.m. on 29 October 2008.
The Offer remains subject to the terms and conditions set out in the Offer Document not already declared satisfied, save to the extent varied as a consequence of WPP's proposal to introduce a new parent company as previously announced. A further announcement relating to the fulfillment (or, if capable of waiver, waiver) of the remaining conditions of the Offer will be made in due course and, in any event, by no later than 29 October 2008. Visit the Investor site to see the full terms of WPP's updated offer for TNS