Minority shareholders of WPP AUNZ vote in favour of WPP plc takeover

April 21, 2021 11:28

The shareholders of WPP AUNZ have voted in favour of the takeover bid from WPP plc this morning, meaning the global company will become the sole owner of the local agency holding group, acquiring the remaining 38.5% of shares in the company it did not previously own.

Shareholders who held their share on the total dividend record date of 31 March 2021 will be paid $0.70 per share, as offered in December as an update to WPP plc’s bid, less the value of the special dividend of $0.044 per share fully franked paid at the end of March.

The dividend, which was declared with WPP AUNZ’s full-year financial result in February, was made up of an ordinary dividend of 2.9 cents per share and the reinstatement of a special dividend payment of 1.5 cents per share in recognition of the 2019 sale of Kantar.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Zoe Wilkinson

Zoe Wilkinson was a reporter at Mumbrella and the producer of the Mumbrellacast from March 2019 to May 2021.

Topics