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WPP (NYSE: WPP) reports UBS Group AG stake cut to 0% voting rights

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

WPP plc has filed a Form 6-K reporting a UK TR-1 notification of major holdings. The notice shows that UBS Group AG and its controlled undertakings have reduced their position in WPP so that their resulting holding is 0% of WPP’s voting rights. Previously, UBS had a total of 5.183476% of voting rights in WPP, made up of 5.031210% attached to shares and 0.152266% through financial instruments. The filing formally records UBS’s crossing below the regulatory disclosure threshold and lists the UBS group entities that were part of the prior holding structure.

Positive

  • None.

Negative

  • None.

Insights

UBS Group AG has exited a previously notifiable stake of just over 5% in WPP, removing a disclosed major shareholder.

The notification shows that UBS Group AG moved from a combined 5.183476% of WPP’s voting rights to 0.000000%. This suggests UBS and its related entities no longer hold a position that confers voting rights in WPP, at least at or above disclosure thresholds. The prior stake was mainly ordinary share voting rights at 5.031210%, with a smaller portion of 0.152266% via financial instruments.

UBS’s previous holding sat just above the typical UK disclosure threshold, so its reduction to zero removes one identified block holder from WPP’s register. The filing also maps the internal UBS holding chains, including entities such as UBS AG, UBS Europe SE, UBS Americas Inc. and UBS Securities LLC, which no longer report voting power. Any future changes in significant shareholdings would be expected to appear in additional TR-1 notifications or equivalent disclosures.

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 November 2025
 
Commission File Number: 001-38303
______________________
 
WPP plc
(Translation of registrant's name into English)
________________________
 
Sea Containers, 18 Upper Ground
London, United Kingdom SE1 9GL
(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 X 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
 
The Company may include forward-looking statements (including as defined in the U.S. Private Securities Litigation Reform Act of 1995) 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, beliefs, intentions, strategies, projections and anticipated future economic performance based on assumptions and the like that are subject to risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as ‘aim’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘forecast’, ‘guidance’, ‘intend’, ‘may’, ‘will’, ‘should’, ‘potential’, ‘possible’, ‘predict’, ‘project’, ‘plan’, ‘target’, and other words and similar references to future periods but are not the exclusive means of identifying such statements. As such, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that are beyond the control of the Company. Actual results or outcomes may differ materially from those discussed or implied in the forward-looking statements. Therefore, you should not rely on such forward-looking statements, which speak only as of the date they are made, as a prediction of actual results or otherwise. Important factors which may cause actual results to differ include but are not limited to: the unanticipated loss of a material client or key personnel; delays, suspensions or reductions in client advertising budgets; shifts in industry rates of compensation; regulatory compliance costs or litigation; changes in competitive factors in the industries in which we operate and demand for our products and services; changes in client advertising, marketing and corporate communications requirements; our inability to realise the future anticipated benefits of acquisitions; failure to realise our assumptions regarding goodwill and indefinite lived intangible assets; natural disasters or acts of terrorism; the Company’s ability to attract new clients; the economic and geopolitical impact of the conflicts in Ukraine and the Middle East; the risk of global economic downturn; slower growth, increasing interest rates and high and sustained inflation; tariffs and other trade barriers; supply chain issues affecting the distribution of our clients’ products; technological changes and risks to the security of IT and operational infrastructure, systems, data and information resulting from increased threat of cyber and other attacks; effectively managing the risks, challenges and efficiencies presented by using Artificial Intelligence (AI) and Generative AI technologies and partnerships in our business; risks related to our environmental, social and governance goals and initiatives, including impacts from regulators and other stakeholders, and the impact of factors outside of our control on such goals and initiatives; the Company’s exposure to changes in the values of other major currencies (because a substantial portion of its revenues are derived and costs incurred outside of the UK); 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 most recent Annual Report on Form 20-F, 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 this document should not be regarded as a representation by the Company that the Company’s plans and objectives will be achieved. Neither the Company, nor any of its directors, officers or employees, provides any representation, assurance or guarantee that the occurrence of any events anticipated, expressed or implied in any forward-looking statements will actually occur. Other than in accordance with its legal or regulatory obligations (including under the Market Abuse Regulation, the UK Listing Rules and the Disclosure and Transparency Rules of the Financial Conduct Authority), 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
Notification of Major Holdings dated 28 November 2025, prepared by WPP plc.
 
 
TR-1: Standard form for notification of major holdings
 
1. Issuer Details
 
ISIN
 
JE00B8KF9B49
 
 
Issuer Name
 
WPP PLC
 
 
UK or Non-UK Issuer
 
Non-UK
 
 
2. Reason for Notification
 
An acquisition or disposal of voting rights; Other
 
 
Comments
 
UBS trading book holdings in WPP PLC fell below 5% and are therefore exempt from reporting.
 
 
3. Details of person subject to the notification obligation
 
Name
 
UBS Group AG-Investment Bank & Global Wealth Management
 
 
City of registered office (if applicable)
 
London
 
 
Country of registered office (if applicable)
 
United Kingdom
 
 
4. Details of the shareholder
 
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
 
 
 
 
City of registered office (if applicable)
 
 
 
 
Country of registered office (if applicable)
 
 
 
 
5. Date on which the threshold was crossed or reached
 
26-Nov-2025
 
 
6. Date on which Issuer notified
 
28-Nov-2025
 
 
7. Total positions of person(s) subject to the notification obligation
 
 
% of voting rights attached to shares (total of 8.A)
 
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
 
Total number of voting rights held in issuer
 
Resulting situation on the date on which threshold was crossed or reached
 
0.000000
 
 
0.000000
 
 
0.000000
 
 
0
 
 
Position of previous notification (if applicable)
 
5.031210
 
0.152266
 
5.183476
 
 
 
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
 
8A. Voting rights attached to shares
 
Class/Type of shares ISIN code(if possible)
 
Number of direct voting rights (DTR5.1)
 
Number of indirect voting rights (DTR5.2.1)
 
% of direct voting rights (DTR5.1)
 
% of indirect voting rights (DTR5.2.1)
 
JE00B8KF9B49
 
 
0
 
 
0.000000
 
Sub Total 8.A
 
0
 
0.000000%
 
 
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
  
Type of financial instrument
 
Expiration date
 
Exercise/conversion period
 
Number of voting rights that may be acquired if the instrument is exercised/converted
% of voting rights
 
 
 
 
 
 
 
Sub Total 8.B1
 
 
 
 
 
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
 
Type of financial instrument
 
Expiration date
 
Exercise/conversion period
 
Physical or cash settlement
 
Number of voting rights
 
% of voting rights
 
 
 
 
 
 
 
 
Sub Total 8.B2
 
 
 
 
 
 
9. Information in relation to the person subject to the notification obligation
 
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
 
 
Ultimate controlling person
 
 
Name of controlled undertaking 
 
 
% of voting rights if it equals or is higher than the notifiable threshold
 
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
 
Total of both if it equals or is higher than the notifiable threshold
 
UBS Group AG (Chain 1)
 
 
 
 
 
UBS Group AG (Chain 1)
 
UBS AG
 
 
 
 
UBS Group AG (Chain 2)
 
 
 
 
 
UBS Group AG (Chain 2)
 
UBS AG
 
 
 
 
UBS Group AG (Chain 2)
 
UBS Europe SE
 
 
 
 
UBS Group AG (Chain 3)
 
 
 
 
 
UBS Group AG (Chain 3)
 
UBS AG
 
 
 
 
UBS Group AG (Chain 3)
 
UBS Americas Holding LLC
 
 
 
 
UBS Group AG (Chain 3)
 
UBS Americas Inc.
 
 
 
 
UBS Group AG (Chain 3)
 
UBS Securities LLC
 
 
 
 
UBS Group AG (Chain 4)
 
 
 
 
 
UBS Group AG (Chain 4)
 
UBS AG
 
 
 
 
UBS Group AG (Chain 4)
 
UBS Switzerland AG
 
 
 
 
UBS Group AG (Chain 5)
 
 
 
 
 
UBS Group AG (Chain 5)
 
UBS AG
 
 
 
 
UBS Group AG (Chain 5)
 
UBS Americas Holding LLC
 
 
 
 
UBS Group AG (Chain 5)
 
UBS Americas Inc.
 
 
 
 
UBS Group AG (Chain 5)
 
UBS Financial Services Inc.
 
 
 
 
 
10. In case of proxy voting
 
Name of the proxy holder
 
 
 
 
The number and % of voting rights held
 
 
 
 
The date until which the voting rights will be held
 
 
 
 
11. Additional Information
 
UBS trading book holdings in WPP PLC fell below 5% and are therefore exempt from reporting.
 
 
12. Date of Completion
 
28-Nov-2025
 
 
13. Place Of Completion
 
Zurich, Switzerland
 
 
 
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: 28 November 2025.
By:  ______________________ 
 
          Balbir Kelly-Bisla
 
          Company Secretary
 

FAQ

What did WPP (WPP) disclose in this Form 6-K?

WPP disclosed a UK TR-1 notification of major holdings showing that UBS Group AG has reduced its position in WPP so that it no longer has any reportable voting rights in the company.

How did UBS Group AGs voting interest in WPP change?

The notification shows UBS Group AG went from a combined 5.183476% of WPP voting rights previously to 0.000000% in the resulting situation, meaning no voting rights are now reported.

What portion of UBS19s previous WPP stake was in shares versus instruments?

Previously, UBS held 5.031210% of WPP voting rights attached to shares and an additional 0.152266% through financial instruments, giving a total of 5.183476%.

Which UBS entities were involved in the former WPP holding?

The notification lists UBS Group AG as the ultimate controlling person, with controlled undertakings including UBS AG, UBS Europe SE, UBS Americas Holding LLC, UBS Americas Inc., UBS Securities LLC, UBS Switzerland AG and UBS Financial Services Inc..

Does the filing indicate any change to WPP19s business operations or strategy?

No. The disclosure relates specifically to a change in a major shareholder19s voting rights. It does not describe changes to WPP19s operations, strategy, or financial performance.

When was the major holdings notification associated with this WPP Form 6-K dated?

The attached notification of major holdings and the Form 6-K are dated 28 November 2025, and the report is signed on behalf of WPP by the Company Secretary, Balbir Kelly-Bisla.

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