WPP Tempus offerWPP announces that on 6 November 2001, when its Offer became unconditional in all respects, WPP had received valid acceptances in respect of (or had purchased during the Offer Period) 57,753,956 Tempus Shares, representing 96.2 per cent. of the Tempus Shares to which the Offer relates.
Accordingly, on 5 December 2001 WPP issued notices to Tempus Shareholders who have not yet accepted the Offer informing them that it intends to exercise its right under sections 428 to 430F of the Companies Act to acquire compulsorily any outstanding Tempus Shares at the expiry of the requisite notice period.
WPP gave notice in the offer document dated 10 September 2001 (the "Offer Document") of its intention to procure the delisting of Tempus Shares, such delisting to take effect as soon as appropriate after the Offer becomes or is declared unconditional in all respects. WPP now intends to procure the making by Tempus of an application for the removal of the Tempus Shares from the Official List of the UK Listing Authority and for the cancellation of trading in Tempus Shares on the London Stock Exchange’s market for listed securities. It is anticipated that the cancellation of listing and trading will take effect from 17 January 2002.