Statement re De-Listing & Interim Dividend
26 November 2008 - 3:39PM
UK Regulatory
26 November 2008
Taylor Nelson Sofres plc ("TNS")
De-listing of TNS shares and cancellation of interim dividend
Further to the announcement by WPP Group plc ("WPP") on 12 November 2008, the
ordinary shares of 5 pence each in the capital of TNS ("TNS Shares") have now
been cancelled from the Official List and have ceased to be admitted to trading
on the London Stock Exchange, both with effect from 8.00 a.m. (London time)
this morning.
TNS also announces that the proposed interim dividend of 2.0 pence per TNS
Share, which was announced on 27 August 2008 as being payable on 8 December
2008, will not now be paid. Under the terms of the offer announced by WPP on 9
July 2008 (the "Offer"), and as set out in WPP's offer document dated 1 August
2008, TNS Shares acquired by WPP pursuant to the Offer included the right to
receive and retain any dividend declared, made or paid by TNS after the date of
the offer announcement.
Valid acceptances of the Offer, which is unconditional in all respects, have
now been received by WPP in respect of 98.28 per cent. of the TNS Shares to
which the Offer relates. As previously announced by WPP, WPP is exercising its
rights pursuant to the provisions of Part 28 of the Companies Act 2006 to
acquire compulsorily any remaining TNS Shares in respect of which acceptances
have not been received, on the same terms as the Offer.
END
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