Last checked at 4 May 2021 17:04
WPP plc (the "Company")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 made under the following terms:
1. On 4 May 2021, Mark Read became entitled to receive 46,027 ordinary shares pursuant to the vesting of the third and final tranche of a special one-off award granted to him on his appointment as joint Chief Operating Officer of the Company in April 2018, prior to his appointment as Chief Executive Officer of the Company WPP on 3 September 2018 ("2018 Special Award"). Mark Read has retained all of these ordinary shares and personally discharged the associated tax liabilities; and
2. On 4 May 2021, John Rogers became entitled to receive 67,189 ordinary shares pursuant to the vesting of an award made to compensate him for the loss of a deferred share award that was forfeited on his departure from Sainsbury's ("2020 Contractual Award"). John Rogers sold 31,642 ordinary shares at £9.90 per share to meet the tax liability arising at vesting and has retained 35,547 ordinary shares.
Name of Executive Director | 2018 Special Award shares vested | 2020 Contractual Award shares vested | Total number of shares sold to cover statutory withholding liabilities | Date of sale |
Mark Read | 46,027 | N/A | N/A | N/A |
John Rogers | N/A | 67,189 | 31,642 | 4 May 2021 |
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 2018 Special Award. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction | 4 May 2021 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1. | Details of PDMR/person closely associated with them ('PCA') | |||||
a) | Name | John Rogers | ||||
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 | ||||
Transaction 1 | ||||||
b) | Nature of the transaction | Acquisition of Ordinary Shares made under the 2020 Contractual Award. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction | 4 May 2021 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
Transaction 2 | ||||||
b) | Nature of the transaction | Sale of Ordinary Shares made under the 2020 Contractual Award to cover statutory withholding liabilities. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction | 4 May 2021 | ||||
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
Company Secretary
Further information
Chris Wade, WPP +44 (0)20 7282 4600
About WPP
WPP is a 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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