There was still no light being shed on Ojjeh's intentions, although it emerged last night that she might have broken Takeover Panel disclosure rules by failing to make known the extent of her holding.
The Takeover Panel is also investigating possible links between Ojjeh, who is based in Paris, Active Value and French advertising firm Publicis Groupe.
Ojjeh is the daughter of a former Syrian defence minister and the widow of an arms dealer. She has lived in France for many years, some of it in the spotlight.
She is best known for her love of chess, which she helps promote internationally, as well her friendship with former French foreign minister Roland Dumus, who lost his seat over the association.
In a letter from lawyers acting for Ojjeh, it was stated that her interests in Cordiant were held directly in her name, through members of her immediate family, and through an offshore entity controlled by her.
According to the letter, Ojjeh had not had any contact with Active Value, which with a 28.75% stake is Cordiant's largest shareholder.
Cordiant said that it understands Ojjeh will be making a full disclosure of her interests and dealings in the company shortly.
It was revealed last week that Ojjeh, who is not known to have any previous connection to Cordiant, had paid 拢235,000 for a 2% stake in the company, which was acquired above the market price.
Since then, she has continued to buy shares in Cordiant, all above the market price and above the 2.3p-a-share WPP offer, which was declared final on June 30. Her moves have baffled Cordiant and industry watchers alike.
Cordiant shareholders are due to vote on WPP's 拢266m offer at a special meeting on July 23. If the deal is blocked, Cordiant is likely to go into administration, where its assets will then be put up for sale.
WPP is still seen to be in a good position to pick up some of these assets because it owns most of Cordiant's debt.
The meeting will also be asked to agree the sale of City PR firm FD International, which Cordiant agreed to sell to an investment fund and management buyout team earlier this week for 拢26m.
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