Source - LSE Regulatory
RNS Number : 5256X
WPP PLC
04 May 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 following terms:

1.   On 4 May 2021, Mark Read became entitled to receive 46,027 ordinary shares pursuant to the vesting of the third and final tranche of a special one-off award granted to him on his appointment as joint Chief Operating Officer of the Company in April 2018, prior to his appointment as Chief Executive Officer of the Company WPP on 3 September 2018 ("2018 Special Award"). Mark Read has retained all of these ordinary shares and personally discharged the associated tax liabilities; and

 

2.   On 4 May 2021, John Rogers became entitled to receive 67,189 ordinary shares pursuant to the vesting of an award made to compensate him for the loss of a deferred share award that was forfeited on his departure from Sainsbury's ("2020 Contractual Award"). John Rogers sold 31,642 ordinary shares at £9.90 per share to meet the tax liability arising at vesting and has retained 35,547 ordinary shares.

 

Name of Executive Director

2018 Special Award shares vested

2020 Contractual Award shares vested

Total number of shares sold to cover statutory withholding liabilities

Date of sale

Mark Read

46,027

N/A

N/A

N/A

John Rogers

N/A

67,189

31,642

4 May 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 2018 Special Award.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£9.90

46,027

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

N/A (single transaction)

e)

Date of the transaction

4 May 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 2020 Contractual Award.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£9.90

67,189

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

N/A (single transaction)

e)

Date of the transaction

4 May 2021

f)

Place of the transaction

London Stock Exchange

Transaction 2

b)

Nature of the transaction 

Sale of Ordinary Shares made under the 2020 Contractual Award to cover statutory withholding liabilities.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£9.90

31,642

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

N/A (single transaction)

e)

Date of the transaction

4 May 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.

 

Balbir Kelly-Bisla

Company Secretary

 

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, planet, clients and communities. For more information, visit www.wpp.com.

 

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHAIMFTMTMMBBB
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.