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WPP News Story

WPP 952.2p -8.2  -0.9%
23/08/19 2.00k
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WPP PLC - Directors' Interests

Announcement: Thu 2nd May, 2019 9:28am
RNS Number : 8767X
WPP PLC
02 May 2019
 

 

FOR IMMEDIATE RELEASE

2 May 2019

 

 

 

WPP PLC ("WPP") 

 

Directors' Interests

 

 

On 1 May 2019, WPP was notified of changes in the share ownership of an executive director of WPP, pursuant to the vesting of the first of three tranches of a special one-off award ("Award") granted to Mark Read on his appointment as joint Chief Operating Officer of WPP in 2018, prior to his appointment as Chief Executive Officer of WPP.

 

On 1 May 2019, Mark Read became entitled to receive 42,687 ordinary shares pursuant to the Award.  On 1 May 2019, Mark Read sold 20,104 of these ordinary shares, at a price of £9.68 per ordinary share, to cover the UK tax liability arising on the award, and retained 22,583 of these ordinary shares.

 

At today's date, Mark Read's shareholding in WPP is 191,355 ordinary shares.

 

 

 

Contact:

 

Chris Wade, WPP

+44(0) 20 7282 4600

 

 

 

Richard Oldworth, Buchanan Communications

+44 (0)7710 130634

 

 

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 or visit www.rns.com.
 
END
 
 
DSHUGUAPAUPBURP



 
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