Business
LEAP 2012-16
LEAP 2012-16.
About this update from Wpp Plc
[{"type":"text","content":"\n \nRNS Number : 0394Z WPP PLC 09 March 2017 \n\n \n\n\n\n\nFor Immediate Release\n\n\n9 March 2017\n \n\n\n\n\nWPP PLC (\"WPP\")\n \nLEAP 2012-16\n \n· LEAP is the co-investment, performance-based, management incentive compensation plan requiring substantial, long-term investment by the participants\n· Calculation of share allocations to all LEAP participants (19 senior executives who all had to commit shares to participate) based on formula and comparator group approved June 2009 by 83% share owner vote\n· Last investment and performance period for LEAP which was superseded by EPSP scheme with a reduced opportunity approved by share owners in June 2013\n· Relates to five year performance period 2012-2016 over which:\no Market capitalisation increased by £14.71bn ($15.44bn) or 172.0% from £8.55bn ($13.27bn) to £23.26bn ($28.71bn) while the FTSE 100 rose 28.2%\no £1,000 invested in WPP on 1 Jan 2012 increased to £2,688 by end of 2016 compared with £1,282 if invested in FTSE 100 - a six times greater increase \no Total Shareholder Return as defined and approved in the LEAP scheme (\"TSR\") was 209.6% - outperforming all but one company in comparator group and over 95% of the comparator group on a weighted basis\no TSR ranks WPP in the top 5% of the FTSE 100, increasing to top 1.5% on a weighted basis \no £1,000 invested in WPP on 1 Jan 2012 was worth £3,096 in TSR terms at the end of 2016 compared with £1,515 if invested in FTSE 100 - a 4.1 times greater increase\no Maximum five times share match achieved through strong outperformance of comparator group\n \nIntroduction\nWPP's Leadership Equity Acquisition Plan III (\"LEAP\") was approved by share owners in June 2009 and today's announcement is the last outcome under LEAP. It has been superseded by the Executive Performance Share Plan (\"EPSP\") with a reduced opportunity approved by share owners in June 2013. The arithmetic application of the LEAP metrics has resulted in a maximum share match of 4,844,483 shares for the 19 participants who all had to commit shares in order to qualify for participation. Following WPP's strong outperformance against the comparator companies included in the scheme, having achieved TSR of 209.6% over the five year performance period 1 January 2012 until ...