WPP PLC Vesting of executive share award
18 Marzo 2024 - 5:31PM
RNS Regulatory News
RNS Number : 2976H
WPP PLC
18 March 2024
FOR
IMMEDIATE RELEASE
18 March 2024
WPP plc
("WPP")
Vesting
of executive share award
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibilities or their Connected Persons
The Company announces that the
following person discharging managerial responsibilities transacted
in ordinary shares of 10 pence each in the Company due to the
exercise of awards made under the terms of the 2021 Executive
Performance Share Plan ("EPSP") award. The 2021 EPSP awards were
made on 28 March 2021 and 25 November 2021 and vested on 14 March
2024 as a result of the performance conditions attaching to the
2021 EPSP award having been satisfied as to 66.67%.
|
Name of Executive
Director
|
Plan
|
Total number of shares
vested
|
Total number of shares sold
to cover statutory withholding liabilities
|
Date of
sale
|
|
Mark Read
|
EPSP
|
276,920
|
130,413
|
14 and
15
March
2024
|
|
Andrew Scott
|
EPSP
|
162,304
|
76,436
|
14 and
15
March
2024
|
|
1.
|
Details of PDMR/person closely associated with them
('PCA')
|
|
a)
|
Name
|
Mark Read
|
|
b)
|
Position/status
|
Chief Executive Officer
|
|
c)
|
Initial notification/
amendment
|
Initial notification
|
|
2.
|
Details of the issuer
|
|
a)
|
Full name of the entity
|
WPP plc
|
|
b)
|
Legal Entity Identifier
code
|
549300LSGBXPYHXGDT93
|
|
3.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument
|
Ordinary shares of 10 pence each
('Ordinary Shares')
ISIN: JE00B8KF9B49
|
|
b)
|
Nature of the
transaction
|
Acquisition of Ordinary Shares made
under the WPP 2021 Executive Performance Share Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£ Nil cost
option
|
276,920
|
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
14 March 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
|
Transaction 2
|
|
b)
|
Nature of the
transaction
|
Sale of Ordinary Shares made under
the WPP 2021 Executive Performance Share Plan to cover statutory
withholding liabilities.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£7.0629
|
130,413
|
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
130,413
£7.0629
|
|
e)
|
Date of the transactions
|
14 and 15 March 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
|
1.
|
Details of PDMR/person closely associated with them
('PCA')
|
|
a)
|
Name
|
Andrew Scott
|
|
b)
|
Position/status
|
Chief Financial Officer
|
|
c)
|
Initial notification/
amendment
|
Initial notification
|
|
2.
|
Details of the issuer
|
|
a)
|
Full name of the entity
|
WPP plc
|
|
b)
|
Legal Entity Identifier
code
|
549300LSGBXPYHXGDT93
|
|
3.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument
|
Ordinary shares of 10 pence each
('Ordinary Shares')
ISIN: JE00B8KF9B49
|
|
b)
|
Nature of the
transaction
|
Acquisition of Ordinary Shares made
under the WPP 2021 Executive Performance Share Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£ Nil cost
option
|
162,304
|
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
14 March 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
|
Transaction 2
|
|
b)
|
Nature of the
transaction
|
Sale of Ordinary Shares made under
the WPP 2021 Executive Performance Share Plan to cover statutory
withholding liabilities.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£7.0629
|
76,436
|
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
76,436
£7.0629
|
|
e)
|
Date of the transactions
|
14 and 15 March 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
This notice is given in fulfilment
of the obligation under Article 19 of the Market Abuse
Regulation.
Balbir Kelly-Bisla
Group Company Secretary
Contact for further
information:
Chris Wade, WPP
+44 (0)20 7282 4600
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.
END
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