Director/PDMR Shareholding

RNS Number : 4299C

M&C Saatchi PLC

01 October 2018

 

M&C Saatchi plc ("the Company")

Director Shareholding

M&C Saatchi plc was notified on 28 September 2018 that Lord Maurice Saatchi (executive director of the Company) sold 262,895 ordinary shares of 1p each in the Company at a price of 380 pence per share. At the same time, on 28 September 2018 The Lord Saatchi SIPP (pension fund), in which Lord Maurice Saatchi has a beneficial interest, acquired 262,895 ordinary shares of 1p each at a price of 380 pence per share.

As a result of this transaction, there is no change in Lord Maurice Saatchi's beneficial interest in the Company, which amounts to a total holding of 4,127,060 ordinary shares in the Company and represents approximately 4.88% of the issued share capital of the Company.

The following notifications, made pursuant to Article 19(3) of the Market Abuse Regulation, provide further details.   

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Maurice Saatchi
2	Reason for the notification
a)	Position / status	PDMR
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	M&C Saatchi plc
b)	Legal entity identifier	213800XBLFQZ1T1KBA87
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of 1p each ("Shares")
	Identification code	SAA
b)	Nature of the transaction	Sale of Shares
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			380.0p	262,895
d)	Aggregated information ·    Aggregated volume ·    Aggregated price	262,895 £999,001
e)	Date of the transaction	28 September 2018
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Maurice Saatchi
2	Reason for the notification
a)	Position / status	PDMR
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	M&C Saatchi plc
b)	Legal entity identifier	213800XBLFQZ1T1KBA87
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of 1p each ("Shares")
	Identification code	SAA
b)	Nature of the transaction	Purchase of Shares
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			380.0p	262,895
d)	Aggregated information ·    Aggregated volume ·    Aggregated price	262,895 £999,001
e)	Date of the transaction	28 September 2018
f)	Place of the transaction	London Stock Exchange

For further information, please contact:

M&C Saatchi                                     [phone]
Andy Blackstone, Company Secretary

Numis Securities                               [phone]
Nick Westlake, NOMAD
Charles Farquhar, Corporate Broking

Tulchan Communications                 [phone]
Tom Murray

 

END

 

 

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