WPP statement re: ADK

15 November, 2017


WPP owns 10,331,100 ADK shares, representing 24.96% of the issued share capital of ADK.

WPP does not intend to accept the Tender Offer launched by Bain on 2 October 2017 as we believe Bain has significantly undervalued ADK, its assets and future opportunities – as we and other shareowners have publicly stated previously.

WPP has been approached by other stakeholders, both shareowners and management in ADK, to clarify our commitment to ADK if the Tender Offer, supported by the ADK Board as the only future for their company, fails.

WPP would welcome the opportunity to engage constructively with the Board of ADK if the Tender Offer fails, to help ensure ADK has the talent and focus on digital and animation capability needed to increase the value of ADK for the benefit of all long-term stakeholders.

With the approval of the Board and other shareowners we would also be prepared, as requested by some shareowners, to increase our shareholding in ADK to 33%.

Contact
Feona McEwan, WPP      +44(0) 20 7408 2204
Chris Wade, WPP




















Acrobat Document wpp_statement_re_adk_nov17.pdf


Tools Print page E-mail page Press Releases Reading Room Get Acrobat Reader

WPP Annual Report & Accounts 2016

WPP Annual Report & Accounts 2016
WPP Sustainability Report 2016/2017

WPP Sustainability Report 2016-2017
WPP Pro Bono Work 2016

Pro Bono 2016