Vesting of Executive Share Award

RNS Number : 3933T
WPP PLC
17 March 2023
 

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/
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 2020 Executive Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£ Nil cost option

328,628

 

 

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)

Price(s)

Volume(s)

£9.3278

154,765

 

 

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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WPP (WPP)
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