REG - WPP PLC - Vesting of Executive Share Award

WPPAnnouncement

17/03/2023 11:00

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RNS Number : 3933T  WPP PLC  17 March 2023

FOR IMMEDIATE RELEASE
 
                        17 March 2023

 

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 2020 Executive
Performance Share Plan ("EPSP") award. The 2020 EPSP was made on 24 November
2020 and vested on 15 March 2023 as a result of the performance conditions
attaching to the 2020 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  328,628                        154,765                                                                 15 and 16

                                                                                                                                          March 2023

 

 

 

 1.  Details of PDMR/person closely associated with them ('PCA')
 a)  Name                                     Mark Read
 b)  Position/status                          Chief Executive Officer
 c)  Initial notification/                    Initial notification

amendment
 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 2020 Executive Performance
                                              Share Plan.
 c)  Price(s) and volume(s)                   Price(s)            Volume(s)
                                              £ Nil cost option   328,628

 

 d)  Aggregated information                   N/A (single transaction)

     -     Aggregated volume

     -     Price
 e)  Date of the transaction                  15 March 2023
 f)  Place of the transaction                 London Stock Exchange
 Transaction 2
 b)  Nature of the transaction                Sale of Ordinary Shares made under the WPP 2020 Executive Performance Share
                                              Plan to cover statutory withholding liabilities.
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              £9.3278   154,765

 

 d)  Aggregated information

     -     Aggregated volume                  154,765

     -     Price                              £9.3278
 e)  Date of the transactions                 15 and 16 March 2023
 f)  Place of the transaction                 London Stock Exchange

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

N/A (single transaction)

e)

Date of the transaction

15 March 2023

f)

Place of the transaction

London Stock Exchange

Transaction 2

b)

Nature of the transaction

Sale of Ordinary Shares made under the WPP 2020 Executive Performance Share
Plan to cover statutory withholding liabilities.

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 £9.3278   154,765

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

154,765

£9.3278

e)

Date of the transactions

15 and 16 March 2023

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, clients and communities. For more
information, visit www.wpp.com (http://www.wpp.com/) .

 

END

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