WPP Group PLC
16 November 2006
FOR IMMEDIATE RELEASE 16 November 2006
WPP GROUP PLC
Directors' Share Interests
WPP Group plc ("WPP") made on 15 November 2006 the following awards over
ordinary shares in WPP to executive directors of WPP pursuant to the WPP Group
plc 2004 Leadership Equity Acquisition Plan ("LEAP").
To qualify for these awards, the directors are required to maintain an interest
in WPP shares ("Investment Shares") until 31 December 2010. The awards consist
of rights to receive further WPP shares ("Matching Shares") without payment, the
number of Matching Shares being determined according to the relative performance
of the total shareholder return of WPP against that of key competitors (the Peer
Group) over the five-year performance period. Dependant on relative performance
to the Peer Group, the final award will be between zero and five times the
number of Investment Shares.
Mark Read has been awarded rights to receive up to a maximum of 82,625 Matching
Shares in WPP subject to his retaining 16,525 Investment Shares until 31
December 2010. From the 2005 LEAP awards, Mr Read has previously been awarded
rights to receive up to a maximum of 50,850 Matching Shares in WPP subject to
retaining 10,170 Investment Shares until 31 December 2009.
Mr Read's current beneficial holding in WPP is 8,664 ordinary shares
representing 0.001% of the issued share capital of WPP.
Paul Richardson has been awarded rights to receive up to a maximum of 330,510
Matching Shares subject to his retaining 66,102 Investment Shares until 31
December 2010. From the 2004 and 2005 LEAP awards, Mr Richardson has previously
been awarded rights to receive up to a maximum of 530,682 Matching Shares in WPP
subject to retaining 30,973 Investment Shares to 31 December 2008 and 81,358
Investment Shares to 31 December 2009.
Mr Richardson's current beneficial holding in WPP is 188,176 ordinary shares
representing 0.015% of the issued share capital of WPP.
Sir Martin Sorrell has been awarded rights to receive up to a maximum of 782,680
Matching Shares subject to his retaining 156,536 Investment Shares until 31
December 2010. From the 2004 and 2005 LEAP awards, Sir Martin has previously
been awarded rights to receive up to a maximum of 5,146,634 Matching Shares in
WPP subject to retaining 1,032,416 Investment Shares to 31 December 2008 and
203,394 Investment Shares to 31 December 2009.
Sir Martin Sorrell and connected persons are currently interested in a total of
13,644,401 ordinary shares representing 1.099% of the issued share capital of
WPP.
This information is provided by RNS
The company news service from the London Stock Exchange
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