A share buyback can be used as an alternative or as a complement to the issuance of dividends as a means of delivering corporate profits to shareholders. After a share buyback, since there are now fewer residual shares, these shares will achieve a higher earnings per share. CONSIDERANT that the sellers are the shareholders of the company who hold a number of common shares with a face value of $0.00002 (the “common shares”). A share repurchase agreement is a contract between a company and one or more of its shareholders, under which the entity may repurchase a portion of its own common shares. The document identifies the parties involved and records the total price of the participation, the method of payment and the date of the transaction. The contract also includes assurances and guarantees on behalf of both parties, with the general effect that they are each legally able to continue the transaction. Any purchase of common shares in this announcement is made on the London Stock Exchange and/or other trading platforms1 and takes place within certain pre-defined parameters. WPP shareholders generally authorized WPP to acquire up to 126,188,373 common shares at the June 12, 2019 general meeting, subject to certain restrictions (the Authority). The total number of common shares acquired by the Company under the program may not exceed the maximum number of common shares that the company may acquire in accordance with the public authority. The programme is implemented in accordance with the limits set by the Authority and implemented in accordance with the parameters set out in the Market Abuse Regulation 596/2014, the Commission`s 2016/1052 Delegate Regulation (EU) and Chapter 12 of the Rating Rules.
Any repurchase on the common stock market is announced no later than 7:30 a.m. on the business day following the calendar day of the repurchase. 2.3 Full agreement; Changing. This agreement, including its preamble and exhibits, as well as the other documents presented under this document, constitute complete and comprehensive understanding and understanding between the parties on these issues and issues and replace all previous agreements and agreements related to them. Neither this agreement nor any clause can be amended, annulled, unloaded or terminated, unless it is a written instrument signed by all parties. Goldman Sachs may conduct equity transactions (including sales and warranty activities and purchases) to manage its market engagement under the program.