FOR IMMEDIATE RELEASE 17 March 2023
WPP plc ("WPP")
Vesting of executive share award
Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities or their Connected Persons
The Company announces that the following person discharging managerial responsibilities transacted in ordinary shares of 10 pence each in the Company due to the exercise of awards made under the terms of the 2020 Executive Performance Share Plan ("EPSP") award. The 2020 EPSP was made on 24 November 2020 and vested on 15 March 2023 as a result of the performance conditions attaching to the 2020 EPSP award having been 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 |
EPSP |
328,628 |
154,765 |
15 and 16 March 2023 |
|
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 |
||||
|
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 2020 Executive Performance Share Plan. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
||||
|
e) |
Date of the transaction |
15 March 2023 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
Transaction 2 |
||||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares made under the WPP 2020 Executive Performance Share Plan to cover statutory withholding liabilities. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
154,765 £9.3278 |
||||
|
e) |
Date of the transactions |
15 and 16 March 2023 |
||||
|
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, clients and communities. For more information, visit www.wpp.com.
END
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