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WPP Enters Agreement With Broker To Repurchase Shares In October (ALLISS)

Wed, 30th Sep 2015 16:48

LONDON (Alliance News) - WPP PLC Wednesday said it has entered into an irrevocable and non-discretionary arrangement with its broker, Bank of America Merrill Lynch, to repurchase shares on its behalf.

WPP said the shares will be repurchased between October 1 and October 23 within "certain pre-set parameters" and held as treasury shares.

WPP shares closed up 2.8% to 1,362.66 pence per share on Wednesday.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

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