Issue of Equity

RNS Number : 0649U

M&C Saatchi PLC

18 June 2009

 



M&C Saatchi plc ('M&C Saatchi' or 'the Company')

Further Issue of Shares

Application has been made to the London Stock Exchange for the Admission of 304,445 new ordinary shares of 1p each in the Company (the 'New Shares') to trading on AIM. The New Shares have been issued as part consideration for the acquisition of a further 10.42% of the share capital of Talk PR Ltd and 5% of the share capital of M&C Saatchi Sport & Entertainment Ltd, both companies are UK group subsidiaries of the Company. Following this acquisition, M&C Saatchi holds 94.79% of the share capital of Talk PR Ltd and 97.19% of the share capital of M&C Saatchi Sport & Entertainment Ltd.

The New Shares will rank pari passu with the existing ordinary shares of 1p each in the Company and trading of the New Shares on AIM is expected to commence on 22 June 2009. The total number of ordinary shares in issue following admission of the New Shares will be 62,219,899. Of this total, 700,000 ordinary shares are held in treasury. 

Therefore, the total number of ordinary shares with voting rights will be 61,519,899.

For further information please contact 

M&C Saatchi plc	[phone]
Andy Blackstone, Company Secretary
Numis Securities Ltd	[phone]
Lee Aston (Nominated Adviser) Charles Farquhar (Corporate Broking)

 

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