Vesting of executive share awards

RNS Number : 4779S

WPP PLC

16 March 2021

 

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)	Price(s) Volume(s) £9.111202 3,477
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)	Price(s) Volume(s) £9.02 67,749
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)	Price(s) Volume(s) £9.111202 168,843
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)	Price(s) Volume(s) £9.111202 79,515
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

[phone]

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 .

END

 

END

 

 

DSHJFMPTMTBBBJB