Last checked at 16 Mar 2021 18:17
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 terms of the following share plans:
1. The 2016 Executive Performance Share Plan ("EPSP") award made on 28 November 2016, as a result of the performance conditions attaching to the 2016 EPSP awards having been satisfied as to 5%. The 2016 EPSP shares vested on 15 March 2021.
2. The 2018 Executive Share Award ("ESA") made on 30 May 2019. The ESA shares vested on 12 March 2021.
3. The 2019 EPSP award made on 24 September 2019, as a result of the performance conditions attaching to the 2019 EPSP awards having been satisfied as to 91%. The 2019 EPSP shares vested on 15 March 2021.
Name of Executive Director | 2016 EPSP Shares vested | 2018 ESA Shares vested | 2019 EPSP Shares vested | Total number of shares vested | Total number of shares sold to cover statutory withholding liabilities | Date of sale |
Mark Read | 3,477 | 67,749 | - | 71,223 | N/A | N/A |
John Rogers | N/A | N/A | 168,843 | 168,843 | 79,515 | 15 March 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 WPP plc 2016 Executive Performance Share Plan award. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction | 15 March 2021 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
Transaction 2 | ||||||
b) | Nature of the transaction | Acquisition of Ordinary Shares made under the WPP plc 2018 Executive Share Award. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction | 12 March 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 WPP plc 2019 Executive Performance Share Plan award. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction | 15 March 2021 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
Transaction 2 | ||||||
b) | Nature of the transaction | Sale of Ordinary Shares made under the WPP plc 2019 Executive Performance Share Plan 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 | 15 March 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.
Contact for 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, clients and communities. For more information, visit www.wpp.com.
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