15th Dec 2015 10:54
LONDON (Alliance News) - WPP PLC on Tuesday said Non-Executive Chairman Roberto Quarta bought shares in the group on Monday.
Quarta acquired 5,800 shares at 1,473.00 pence per share, increasing his total holding to 19,000 shares.
Quarta took over as the media and advertising group's chairman earlier this year and is also the chairman of FTSE 100-listed medical devices company Smith & Nephew PLC.
The purchase took place the same day WPP said it had agreed to merge its Australian and New Zealand businesses with STW Communications Group Ltd, an Australian marketing and communications group. As part of the deal, WPP will also increase its shareholding in STW to 61.5% from 23.6%.
WPP shares were up 1.8% to 1,492.00p.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
WPP