REG - WPP PLC - Vesting of executive share awards

WPPAnnouncement

13/03/2024 17:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240313:nRSM7592Ga&default-theme=true

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/                    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 2019 Executive Share Award.
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              £ nil     119,689

 

 d)  Aggregated information                   N/A (single transaction)

     -     Aggregated volume

     -     Price
 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

 

 

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/                    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 2019 Executive Share Award.
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              £ nil     50,890

 

 d)  Aggregated information                   N/A (single transaction)

     -     Aggregated volume

     -     Price
 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

 

 

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/                    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 Stock Plan 2018.
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              £ nil     19,062
                                              £ nil     8,467

 

 d)  Aggregated information

     -     Aggregated volume                  27,529

     -     Price                              £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                  12,966

     -     Price                              £7.02
 e)  Date of the transactions                 11 March 2024
 f)  Place of the transaction                 London Stock Exchange

 

 

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 (http://www.wpp.com/) .

 

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHJJMRTMTMBBTI