FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of January 2003
CORDIANT COMMUNICATIONS GROUP PLC
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(Translation of registrant's name into English)
121-141 Westbourne Terrace
London W2 6JR
England
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the File Number assigned to the registrant in
connection with Rule 12g3-2(b): _________.
FORWARD LOOKING AND CAUTIONARY STATEMENTS
This report contains certain "forward looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Generally, the
words "believe," "may," "will," "estimate," "continue," "anticipate," "intend,"
"expect" and similar expressions identify forward looking statements. The
Registrant has based these forward looking statements largely on its current
expectations and projections about future events and financial trends affecting
its business. These forward looking statements include statements relating to
trends in the advertising and marketing services industry, particularly with
respect to anticipated advertising expenditures in the world's advertising
markets. Actual advertising expenditures may differ materially from the
estimates contained therein depending on, among other things, regional, national
and international political and economic conditions, technological changes, the
availability of media and regulatory regimes in the world's advertising markets.
Additionally, this report contains a number of "forward looking statements"
relating to the Registrant's performance. The Registrant's actual results could
differ materially from those anticipated, depending on, among other things,
gains to or losses from its client base, the amount of revenue derived from
clients, the Registrant's exposure to changes in the exchange rates of major
currencies against the pound sterling (because a substantial portion of its
revenues are derived and costs incurred outside of the United Kingdom), the
general level of advertising expenditures in the Registrant's markets referred
to above and the overall level of economic activity in the Registrant's major
markets as discussed above. The Registrant's ability to reduce its fixed cost
base in the short term is limited and therefore its trading performance can be
significantly affected by variations in the level of its revenues.
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.
CORDIANT COMMUNICATIONS GROUP PLC
(Registrant)
By: /s/ Michael Bungey
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Title: Director and Chief Executive
Officer
Date: January 30, 2003
Exhibit 1
CORDIANT COMMUNICATIONS GROUP PLC
("Cordiant")
Board Announcement
The Board of Cordiant is pleased to announce the appointment of Nigel
Stapleton (56) as Chairman of Cordiant, replacing Charlie Scott, with effect
from 1 March 2003.
Mr Stapleton has extensive UK and international business experience
and has spent over 15 years in senior positions within the media sector. Prior
to joining Reed Elsevier plc in 1986, Mr Stapleton spent 18 years at Unilever
where he held a number of senior finance, corporate development and management
positions. Mr Stapleton worked at Reed Elsevier plc for 13 years and during that
time he held a number of positions including Chief Financial Officer and
Co-Chairman. Mr Stapleton also spent two years with the US based media
investment bank Veronis, Suhler as Chairman of its European affiliate.
He is also currently a Non-executive director of AXA UK plc, Reliance
plc, the London Stock Exchange plc and Chairman of UNIQ plc.
Nigel Stapleton has no details to disclose under paragraph 6.F.2(b) to
(g) of the Listing Rules 30
January 30, 2003
Enquiries:
Cordiant Tel: +44 20 7262 4343
David Hearn, Chief Executive Officer
Nathan Runnicles, Investor Relations
College Hill Tel: +44 20 7457 2020
Alex Sandberg
Adrian Duffield