STOCK TITAN

Mondrian-linked holder cuts WPP (NYSE: WPP) stake to 4.959420%

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

Rhea-AI Filing Summary

WPP plc has disclosed a change in a major shareholding. A notification dated 26 May 2026 shows that an investor group led through Mondrian Investment Partners Limited now holds 4.959420% of WPP’s voting rights, down from 5.632220% previously, taking the position below the 5% threshold.

The holding consists of 4.600380% of voting rights attached to ordinary shares, representing 49,628,982 voting rights, and a further 0.359040% held via financial instruments in the form of ADRs, representing 3,873,325 voting rights.

Positive

  • None.

Negative

  • None.
Current voting rights percentage 4.959420% Resulting situation after threshold crossing
Previous voting rights percentage 5.632220% Position of previous notification
Voting rights attached to shares 49,628,982 voting rights Ordinary shares JE00B8KF9B49, 4.600380% of voting rights
Voting rights via ADR instruments 3,873,325 voting rights ADR financial instruments, 0.359040% of voting rights
Total voting rights held 53,502,307 voting rights Total voting rights corresponding to 4.959420%
voting rights attached to shares financial
"% of voting rights attached to shares (total of 8.A)"
financial instruments financial
"% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)"
Financial instruments are assets or contracts that hold monetary value and can be bought, sold, or traded. They serve as tools for investors to grow, protect, or transfer money, much like how a ticket or voucher can be used to access goods or services. These instruments help individuals and organizations manage financial goals and risks across different markets and economic conditions.
ADR financial
"ADR | | | 3873325 | 0.359040"
An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.
Ultimate controlling person financial
"Ultimate controlling person | Name of controlled undertaking"
DTR5.3.1R regulatory
"Financial Instruments according to (DTR5.3.1R.(1) (a))"
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 May 2026
 
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 26 May 2026, 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
 
3. Details of person subject to the notification obligation
 
Name
Mondrian Investment Partners Limited
 
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
22-May-2026
 
6. Date on which Issuer notified
26-May-2026
 
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
4.600380
 
0.359040
 
4.959420
 
53502307
 
Position of previous notification (if applicable)
5.268400
 
0.363820
 
5.632220
 
 
 
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
 
49628982
 
0
 
4.600380
 
0.000000
 
Sub Total 8.A
 
49628982
 
4.600380%
 
 
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
ADR
 
 
 
3873325
 
0.359040
 
Sub Total 8.B1
 
3873325
 
0.359040%
 
 
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
AVGP Limited
 
Atlantic Value Investment Partnership LP
 
 
 
 
Atlantic Value Investment Partnership LP
 
MIPH Limited
 
 
 
 
MIPH Limited
 
Mondrian Investment Partners Limited
 
 
 
 
Mondrian Investment Partners Limited
 
 
 
 
4.959420%
 
 
10. In case of proxy voting
 
Name of the proxy holder
Mondrian Investment Partners Limited
 
The number and % of voting rights held
53502307
 
The date until which the voting rights will be held
26/05/2026
 
11. Additional Information

 
12. Date of Completion
 
 
13. Place Of Completion
London, UK
 
 
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: 26 May 2026.
By:  ______________________ 
 
          Balbir Kelly-Bisla
 
          Company Secretary
 

FAQ

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

WPP disclosed that an investor group associated with Mondrian Investment Partners Limited reduced its holding to 4.959420% of voting rights, down from 5.632220%. This moves the stake below the key 5% disclosure threshold for major shareholdings in the company.

How is the 4.959420% WPP (WPP) holding split between shares and financial instruments?

The 4.959420% WPP holding comprises 4.600380% of voting rights attached to ordinary shares and 0.359040% through financial instruments in ADR form. Together, these positions represent the investor group’s total disclosed voting interest in the company.

Who is identified as the ultimate controlling person in WPP’s (WPP) major holdings notice?

The notification identifies AVGP Limited as the ultimate controlling person in the ownership chain. Below it sit Atlantic Value Investment Partnership LP, MIPH Limited, and finally Mondrian Investment Partners Limited, which is associated with the disclosed 4.959420% voting interest in WPP.

What role do ADR financial instruments play in the WPP (WPP) stake disclosed?

ADRs account for 3,873,325 of the voting rights in the WPP stake, equal to 0.359040% of total voting rights. These instruments give exposure to WPP shares and form part of the total 4.959420% interest reported by the Mondrian-associated investor group.