WPP PLC
7 August, 2015
WPP has been a long term investor in Syzygy AG and currently holds shares representing just below 30% of the issued share capital. WPP continues to believe in the future of Syzygy AG and its management and would like to help the company to expand and to work with WPP's major clients in Germany and internationally. This would be easier if the Group had a greater ownership. WPP would also like to capitalize on Syzygy AG's strong relationships with leading German multinationals and local companies.
WPP believes that its existing facilities can provide Syzygy AG with offshore capabilities in low cost locations which are becoming increasingly important in providing the effective and efficient solutions needed by clients.
All of these goals will be supported by a larger or potential majority shareholding. WPP believes that the current valuation is at an advantageous level for shareowners but is based on very low average daily volumes; the WPP offer will provide the market liquidity for shareowners who wish to take advantage of the current price by tendering their shares.
WPP has been a long term investor in Syzygy AG and currently holds shares representing just below 30% of the issued share capital. WPP continues to believe in the future of Syzygy AG and its management and would like to help the company to expand and to work with WPP's major clients in Germany and internationally. This would be easier if the Group had a greater ownership. WPP would also like to capitalize on Syzygy AG's strong relationships with leading German multinationals and local companies.
WPP believes that its existing facilities can provide Syzygy AG with offshore capabilities in low cost locations which are becoming increasingly important in providing the effective and efficient solutions needed by clients.
All of these goals will be supported by a larger or potential majority shareholding. WPP believes that the current valuation is at an advantageous level for shareowners but is based on very low average daily volumes; the WPP offer will provide the market liquidity for shareowners who wish to take advantage of the current price by tendering their shares.
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