Director/PDMR Shareholding

RNS Number : 8762I

M&C Saatchi PLC

13 August 2019

 

M&C Saatchi plc ("the Company")

Director Shareholding with no change in beneficial interest

M&C Saatchi plc was notified on 12 August 2019 that on 2 August 2019 Lord Maurice Saatchi (executive director of the Company) sold 770,947 ordinary shares of 1p each in the Company at a price of 343.0 pence per share. At the same time, on 2 August 2019 The Lord Saatchi SIPP (pension fund), in which Lord Maurice Saatchi has a beneficial interest, bought 770,947 ordinary shares of 1p each at a price of 343.0 pence per share.

As a result of this transaction, there is no change in Lord Maurice Saatchi's interest in the Company, which amounts to a total holding of 4,127,060 ordinary shares in the Company and represents approximately 4.52% 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 (held by Trustees to The Lord Saatchi SIPP)
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)
			343.0p	770,947
d)	Aggregated information ·    Aggregated volume ·    Aggregated price	770,947 £2,644,348.21
e)	Date of the transaction	2 August 2019
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	Sale of Shares
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			343.0p	770,947
d)	Aggregated information ·    Aggregated volume ·    Aggregated price	770,947 £2,644,348.21
e)	Date of the transaction	2 August 2019
f)	Place of the transaction	London Stock Exchange

-ends-

For further information, please contact:

M&C Saatchi plc                                 [phone]  

Andy Blackstone, Company Secretary                        

 

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