LONDON (Alliance News) - WPP PLC said Chairman Roberto Quarta bought 13,200 shares at a price of 1,339 pence per share Thursday. The GBP176,748 purchase is his only holding.
The media buying giant had on Wednesday posted a sharp rise in pretax profit for its first half, boosted by exceptional gains and an improved operating performance, and reiterated guidance of net sales growth of over 3% for 2015.
Quarta joined the WPP board on January 1 and became chairman following its annual general meeting June 9, succeeding Philip Lader.
Quarta also is chairman of FTSE 100 medical devices company Smith & Nephew PLC but he has stepped down as chairman of FTSE 250-listed engineering business IMI PLC. Previously, he was chief executive and then chairman of BBA Group PLC, chairman of Rexel SA and a non-executive director of BAE Systems PLC, Equant NV, Foster Wheeler AG and PowerGen PLC.
WPP shares were trading up 2.1% at 1,339.00p Thursday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2015 Alliance News Limited. All Rights Reserved.
Smith & Nephew (SN.)
WPP (WPP)
IMI (IMI)