RNS Number : 2123W
WPP PLC
08 December 2023
 

FOR IMMEDIATE RELEASE                                                           8 December 2023

 

WPP plc ("WPP")

Executive Share Awards

 

As announced on 8 November 2022 and 9 May 2023, Joanne Wilson has been granted an award under the WPP Share Plans. This is the final award to compensate Joanne for incentives from her previous employer that she forfeited on joining WPP. The award vests in December 2025 and is no more generous in amount or deferral schedule than the awards forfeited by Joanne.

 

Executive Director

Number of shares/nil cost options awarded

Joanne Wilson

18,540

 

Notes

1)   This award was made in accordance with the terms of the 2023 Directors' Compensation Policy as approved by shareholders on 17 May 2023.

2)   Additional shares will be awarded at vesting in lieu of dividends.

3)   Awards to Executive Directors are subject to an additional two-year post-vesting holding period.

 

 

1.

Details of PDMR/person closely associated with them ('PCA')

a)

Name 

Joanne Wilson

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

Grant of conditional awards over WPP plc ordinary shares under the WPP plc Stock Plan 2018

c)

Price(s) and volume(s) (Number of WPP ordinary shares or WPP ADRs sold or purchased and price per share/ADR)

Price(s)

Volume(s)

Conditional Free Share Award

18,540

 

 

d)

Aggregated information

-     Aggregated number

-     Aggregated Price

-     Total

N/A (single transaction)

 

e)

Date of the transaction

7 December 2023

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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, clients and communities. For more information, visit www.wpp.com.

 

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