UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
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Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the Month of June 2023
Commission File Number: 001-38303
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WPP plc
(Translation of registrant's name into English)
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Sea Containers, 18 Upper Ground
London, United Kingdom SE1 9GL
(Address of principal executive offices)
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Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form
20-F X
Form 40-F ___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ___
Note: Regulation S-T Rule 101(b)(1) only permits the
submission in paper of a Form 6-K if submitted solely to provide an
attached annual report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ___
Note: Regulation S-T Rule 101(b)(7) only permits the
submission in paper of a Form 6-K if submitted to furnish a report
or other document that the registrant foreign private issuer must
furnish and make public under the laws of the jurisdiction in which
the registrant is incorporated, domiciled or legally organized (the
registrant’s “home country”), or under the rules
of the home country exchange on which the registrant’s
securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been
distributed to the registrant’s security holders, and, if
discussing a material event, has already been the subject of a Form
6-K submission or other Commission filing on EDGAR.
Forward-Looking Statements
In
connection with the provisions of the U.S. Private Securities
Litigation Reform Act of 1995 (the ‘Reform Act’), the
Company may include forward looking statements (as defined in the
Reform Act) in oral or written public statements issued by or on
behalf of the Company. These forward-looking statements may
include, among other things, plans, objectives, beliefs,
intentions, strategies, projections and anticipated future economic
performance based on assumptions and the like that are subject to
risks and uncertainties. These statements can be identified by the
fact that they do not relate strictly to historical or current
facts. They use words such as ‘aim’,
‘anticipate’, ‘believe’,
‘estimate’, ‘expect’,
‘forecast’, ‘guidance’,
‘intend’, 'may', ‘will’,
‘should’, ‘potential’,
‘possible’, ‘predict’,
‘project’, ‘plan’, ‘target’,
and other words and similar references to future periods but are
not the exclusive means of identifying such statements. As such,
all forward-looking statements involve risk and uncertainty because
they relate to future events and circumstances that are beyond the
control of the Company. Actual results or outcomes may differ
materially from those discussed or implied in the forward-looking
statements. Therefore, you should not rely on such forward looking
statements, which speak only as of the date they are made, as a
prediction of actual results or otherwise. Important factors which
may cause actual results to differ include but are not limited to:
the impact of, epidemics or pandemics including restrictions on
businesses, social activities and travel; the unanticipated loss of
a material client or key personnel; delays or reductions in client
advertising budgets; shifts in industry rates of compensation;
regulatory compliance costs or litigation; changes in competitive
factors in the industries in which we operate and demand for our
products and services; changes in client advertising, marketing and
corporate communications requirements; our inability to realise the
future anticipated benefits of acquisitions; failure to realise our
assumptions regarding goodwill and indefinite lived intangible
assets; natural disasters or acts of terrorism; the Company’s
ability to attract new clients; the economic and geopolitical
impact of the Russian invasion of Ukraine; the risk of global
economic downturn, slower growth, increasing interest rates and
high and sustained inflation; supply chain issues affecting the
distribution of our clients’ products; technological changes
and risks to the security of IT and operational infrastructure,
systems, data and information resulting from increased threat of
cyber and other attacks; the Company’s exposure to changes in
the values of other major currencies (because a substantial portion
of its revenues are derived and costs incurred outside of the UK);
and the overall level of economic activity in the Company’s
major markets (which varies depending on, among other things,
regional, national and international political and economic
conditions and government regulations in the world’s
advertising markets). In addition, you should consider the risks
described in Item 3D, captioned “Risk Factors” in the
company's 2022 Annual Report on Form 20-F, which could also cause
actual results to differ from forward-looking information. In light
of these and other uncertainties, the forward-looking statements
included in this document should not be regarded as a
representation by the Company that the Company’s plans and
objectives will be achieved. Neither the Company, nor any of its
directors, officers or employees, provides any representation,
assurance or guarantee that the occurrence of any events
anticipated, expressed or implied in any forward looking statements
will actually occur. The Company undertakes no obligation to update
or revise any such forward-looking statements, whether as a result
of new information, future events or otherwise.
EXHIBIT INDEX
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Exhibit No.
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Description
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1
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Acquisition dated 20 June 2023, prepared by WPP plc.
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FOR IMMEDIATE RELEASE
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20 June 2023
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WPP PLC ("WPP")
WPP invests in diversity-focused creative agency
Majority
WPP today announces the acquisition of a 30% stake in Majority, the
US-based creative agency that combines a multicultural talent model
with award-winning general marketing capabilities.
Majority was founded in 2021 by CEO Omid Farhang and Hall of Fame
athlete-turned mogul Shaquille O'Neal, alongside Chief Strategy
Officer Asmirh Davis and Chief Marketing Officer Jorge Hernandez.
In 2022, the agency's leadership team added Chief Culture and
Innovation Officer Brandon Butler.
Majority's key clients to date include The Coca-Cola Company, the
NBA G League and Match Group. In 2022, it was named Adweek's
Breakthrough Agency of the Year and Ad Age's Small Agency Newcomer
of the Year. Majority was also named among Fast Company's most
innovative companies, alongside WPP and Ogilvy.
The strategic partnership between WPP and Majority will create a
compelling and differentiated offer to the current and prospective
clients of both companies. Majority specialises in "disruptive
creativity that moves culture" across services including
advertising, strategic planning, digital, branded entertainment,
design, product innovation, experiences, art and
activism.
The agency has a diversity-led approach to hiring and developing
talent based on the premise that greater diversity is a competitive
advantage for creating impactful marketing that lands in culture.
All of Majority's C-suite and more than 75% of its employees
represent the BIPOC and LGBTQ+ communities.
Majority is based in Atlanta, an important centre for WPP as the
base for a growing number of clients and a hot bed of creative
talent. The agency will make use of WPP's new campus in the city,
which opened its doors this month.
Omid Farhang, founder and CEO of Majority, said: "Our
first chapter was about creating fertile ground for a more diverse
talent mix to do the best work of their lives. Our next chapter
wants to be about expanding opportunity through scale, and with its
global reach, leading capabilities and commitment to creativity,
WPP is the ultimate partner to help us author
it."
Mark Read, CEO of WPP, said: "We
have been really impressed by the vision, market positioning and
trajectory of Majority since its launch in 2021 and we are
delighted to become strategic partners in the agency. We're excited
to be working with Omid and the team as they continue to do great
work and change our industry."
Further information
Niken
Wresniwiro, WPP
+44
(0)20 7282 4600 / +44 7876 005 4891
niken.wresniwiro@wpp.com
Martina Suess, WPP
+1
917-456-5049
martina.suess@wpp.com
Steve Sapka, Majority
305-479-5208
Steve@SapkaComm.com
About WPP
WPP is the creative
transformation company. We use the power of creativity to build
better futures for our people, planet, clients and communities. For
more information, visit www.wpp.com.
About Majority
Majority is the award-winning
creative agency co-founded in 2021 by Shaquille O'Neal and Omid
Farhang. Majority combines a multicultural talent model with
general market capabilities, on the belief that diversity is the
ultimate competitive advantage for ideas that land in culture. To
learn more about Majority, visit majorityagency.com.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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WPP
PLC
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(Registrant)
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Date:
20 June 2023.
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By:
______________________
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Balbir
Kelly-Bisla
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Company
Secretary
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WPP (NYSE:WPP)
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