RE: TIMES newspaper front page15 Sep 2018 11:33
Investors sent Derriston’s shares up sharply. They closed up 4½p, or 40 per cent, at 16p. More than 8 million of the 25 million shares in issue in Derriston have already been traded.
Sir Martin, 73, turned WPP from a wire basket maker into the world’s biggest advertising and marketing company over 30 years in charge. He left WPP in April after an investigation into his personal conduct. He denies any wrongdoing.
He is using Derriston to build his “next generation” advertising company. Derriston is due to seek shareholder approval on September 27 for the reverse takeover of S4 Capital, the vehicle for the new advertising venture.