0001193125-18-348760.txt : 20181213 0001193125-18-348760.hdr.sgml : 20181213 20181213144935 ACCESSION NUMBER: 0001193125-18-348760 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181213 FILED AS OF DATE: 20181213 DATE AS OF CHANGE: 20181213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WPP plc CENTRAL INDEX KEY: 0000806968 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING AGENCIES [7311] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38303 FILM NUMBER: 181232977 BUSINESS ADDRESS: STREET 1: 27 FARM STREET CITY: LONDON STATE: X0 ZIP: W1J5RJ BUSINESS PHONE: 011442074082204 MAIL ADDRESS: STREET 1: 27 FARM STREET CITY: LONDON STATE: X0 ZIP: W1J5RJ FORMER COMPANY: FORMER CONFORMED NAME: WPP GROUP PLC DATE OF NAME CHANGE: 19960514 6-K 1 d670986d6k.htm FORM 6-K Form 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the Month of December 2018

Commission File Number: 001-38303

 

 

WPP plc

(Translation of registrant’s name into English)

 

 

27 Farm Street, London W1J 5RJ, England

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F    ☒            Form 40-F    ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):   ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):   ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

 


Forward-Looking Statements

In connection with the provisions of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”), WPP plc and its subsidiaries (the “Company”) may include forward-looking statements (as defined in the Reform Act) in oral or written public statements issued by or on behalf of the Company. These forward-looking statements may include, among other things, plans, objectives, projections and anticipated future economic performance based on assumptions and the like that are subject to risks and uncertainties. As such, actual results or outcomes may differ materially from those discussed in the forward-looking statements. Important factors that may cause actual results to differ include but are not limited to: the unanticipated loss of a material client or key personnel, delays or reductions in client advertising budgets, shifts in industry rates of compensation, regulatory compliance costs or litigation, natural disasters or acts of terrorism, the Company’s exposure to changes in the values of major currencies other than the UK pound sterling (because a substantial portion of its revenues are derived and costs incurred outside of the United Kingdom) and the overall level of economic activity in the Company’s major markets (which varies depending on, among other things, regional, national and international political and economic conditions and government regulations in the world’s advertising markets). In addition, you should consider the risks described in Item 3D, captioned “Risk Factors” in the Company’s Form 20-F for the year ended 31 December 2017, which could also cause actual results to differ from forward-looking information. In light of these and other uncertainties, the forward-looking statements included in the oral or written public statements should not be regarded as a representation by the Company that the Company’s plans and objectives will be achieved.

The Company undertakes no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

EXHIBIT INDEX

 

Exhibit No.

 

Description

1  

Press Release dated 7 December 2018, made by WPP plc.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

   

WPP PLC

   

(Registrant)

Date: 13 December 2018.

    By:   /s/ Paul W.G. Richardson
     

 

      Paul W.G. Richardson
      Group Finance Director

 

EX-99.1 2 d670986dex991.htm EXHIBIT 1 Exhibit 1

Exhibit 1

FOR IMMEDIATE RELEASE

7 December 2018

ANNOUNCEMENT

WPP plc (“WPP”)

Executive Performance Share Plan (“EPSP”) Awards

The EPSP is WPP’s long term incentive scheme approved by share owners at the 2013 Annual General Meeting. Participating in the scheme for the 2018-22 performance period are the two WPP executive directors. The 2018 awards are subject to three equally weighted performance conditions, being relative Total Shareholder Return (“TSR”), Earnings per Share (“EPS”) and Return on Equity (“ROE”). Performance is measured over the five financial years from 2018 to 2022. The target ranges remain unchanged from 2017 and are as disclosed in the 2017 Annual Report.

On 6 December 2018, awards were granted to the executive directors under the EPSP. The awards were granted as nil cost options, which are exercisable over WPP shares or ADRs and also incorporate dividend awards. The extent to which the options will become exercisable in 2022 will depend on WPP’s performance, as described above, over five years from 1 January 2018 to 31 December 2022.

The 2018 EPSP awards were granted as follows:

 

Director  

Number of shares

(nil cost options)

Mr Mark Read

 

396,617 WPP Shares

Mr Paul Richardson

 

293,140 WPP Shares in the form of 58,628 WPP ADRs

WPP recently announced that Mr Richardson has decided to retire from the company in 2019. Mr Richardson’s 2018 EPSP will be treated in line with the EPSP Rules on retirement, which provide for pro-rated vesting, on the normal vesting date, dependent on the performance conditions, as described above.

At today’s date, Mr Read’s holding in WPP is 139,487 ordinary shares and Mr Richardson’s holding in WPP is the equivalent of 1,068,240 ordinary shares (all being in WPP ADRs).

Contact:

Chris Wade, WPP

+44 (0)20 7408 2204

Richard Oldworth, Buchanan Communications

+44 (0)7710 130634