WPP-Scangroup

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WPP-Scangroup Limited
Public company
Traded asKN: SCAN
IndustryAdverising & Communication Services
Founded1996
HeadquartersNairobi, Kenya
Key people
David Hutchison Chairman
Bharat Thakrar CEO
RevenueDecrease: US$46.81+ million (KES4.835 billion) (2016)
Total assetsIncrease: US$130.55+ million (KES13.486 billion) (2016)
ParentWPP plc
Websitewww.wpp-scangroup.com

WPP-Scangroup is a subsidiary of WPP and is listed on the Nairobi Securities Exchange. It is the largest marketing and communication group operating a multi-agency model across multiple disciplines in Sub-Saharan Africa. The group comprises the ad agencies Ogilvy & Mather, SCANAD, JWT and BluePrint Marketing; media firms GroupM, MediaCom Africa, Mindshare and MEC; public relations agencies Ogilvy PR and H+K Strategies; market research agency Millward Brown; specialty communication firms Roundtrip and Geometry Global; and digital companies OgilvyOne, Squad Digital and SCANAD Digital. In all, over 1200 people are employed across the various organizations.

WPP-Scangroup is listed on the Nairobi Securities Exchange. In terms of physical presence, the group has presence in 25 countries in Sub Saharan Africa. Majority-owned offices in Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, Uganda, Zambia and minority owned operations in Burkina Faso, Cameroon, Gabon, Ivory Coast, Namibia, Senegal and Zimbabwe. The group also has affiliate partners in Botswana, DRC, Congo Brazzaville, Madagascar, Malawi, Mauritius, Mozambique, Niger, Reunion and S. Leone.

History[edit]

Scangroup Limited was incorporated in Kenya as a private limited liability company on 26 January 1999 under the name Media Initiative East Africa Limited. In October 2005 the company changed its name to Scangroup Limited. Scangroup listed on the Nairobi Securities Exchange on 29 August 2006 and is currently the only marketing services company listed on the exchange. In late 2013 Scangroup became a subsidiary of WPP and subsequently the company renamed itself to WPP-Scangroup Limited on 15 June 2015.

Ownership[edit]

Since 2006, the company stock is listed on the Nairobi Stock Exchange, where it trades under the symbol:SCAN. Its largest shareholder is the WPP Group, controlling 50.10% of the issued share capital of Scangroup though its subsidiaries Cavendish Square Holding BV and Ogilvy South Africa.[1] As of May 2014, the ten largest investors in the company were:[2]

Scangroup Stock Ownership
Rank Name of Owner Number of Shares Percentage Ownership
1 Cavendish Square Holding B.V 176,903,560 46.69
2 Bharat Kumar Thakrar and Sadhna Bharat Thakrar 51,811,360 13.68
3 Ogilvy and Mather South Africa (Proprietary) Limited 12,907,856 3.41
4 Standard Chartered Nominees, Non-Resident A/C KE 9273 12,743,900 3.36
5 White, Andrew John Laird 12,206,000 3.22
6 Standard Chartered Nominees Account KE 17984 10,845,793 2.86
7 Standard Chartered Nominees, Non-Resident A/C 9944 9,901,400 2.61
8 CFC Stanbic Nominee Limited A/C NR1030625 5,677,500 1.50
9 Standard Chartered Nominees Account KE17605 2,544,120 0.67
10 Standard Chartered Nominees A/C 9098AC 2,352,080 0.62
Total 297,893,569 78.63

WPP-Scangroup Companies[edit]

The companies within Scangroup include, but are not limited to the following:[3]

See also[edit]

References[edit]

  1. ^ "Scangroup Shareholders Circular" (PDF). 18 October 2013. Retrieved 11 August 2014.
  2. ^ Shareholding in Scangroup Stock In December 2010
  3. ^ The Companies of Scangroup

External links[edit]