RNS Number : 7592G
WPP PLC
13 March 2024
 

FOR IMMEDIATE RELEASE                                                           13 March 2024

 

WPP plc ("WPP")

 

Vesting of executive share awards

Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities or their Connected Persons

The Company announces that the following persons discharging managerial responsibilities transacted in ordinary shares of 10 pence each in the Company due to the vesting of awards under the terms of the 2021 Executive Share Award ("ESA") made on 10 May 2022 and awards made under the WPP Stock Plan 2018 on 4 May 2023 which were subject to the performance conditions attached to the 2021 Executive Performance Share Plan ("EPSP") award. Awards subject to the 2021 EPSP performance conditions were 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

ESA

119,689

56,367

11 March 2024

Andrew Scott

ESA

50,890

23,967

11 March 2024

Joanne Wilson

WPP Stock Plan 2018

19,062

8,978

11 March 2024

Joanne Wilson

WPP Stock Plan 2018

8,467

3,988

11 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 2019 Executive Share Award.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£ nil

119,689

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

N/A (single transaction)

e)

Date of the transaction

11 March 2024

f)

Place of the transaction

London Stock Exchange

Transaction 2

b)

Nature of the transaction 

Sale of Ordinary Shares to cover statutory withholding liabilities.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£7.02

56,367

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

 

e)

Date of the transactions

11 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 Operating 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 2019 Executive Share Award.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£ nil

50,890

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

N/A (single transaction)

e)

Date of the transaction

11 March 2024

f)

Place of the transaction

London Stock Exchange

Transaction 2

b)

Nature of the transaction 

Sale of Ordinary Shares to cover statutory withholding liabilities.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£7.02

23,967

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

 

e)

Date of the transactions

11 March 2024

f)

Place of the transaction

London Stock Exchange

 

 

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 

Acquisition of Ordinary Shares made under the WPP Stock Plan 2018.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£ nil

19,062

£ nil

8,467

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

27,529

£nil

e)

Date of the transaction

11 March 2024

f)

Place of the transaction

London Stock Exchange

Transaction 2

b)

Nature of the transaction 

Sale of Ordinary Shares to cover statutory withholding liabilities.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£7.02

8,978

£7.02

3,988

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

12,966

£7.02

e)

Date of the transactions

11 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.

 

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