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Pin to quick picksM&C Saatchi Share News (SAA)

Share Price Information for M&C Saatchi (SAA)

London Stock Exchange
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Share Price: 201.00
Bid: 201.00
Ask: 203.00
Change: -7.00 (-3.37%)
Spread: 2.00 (0.995%)
Open: 201.00
High: 208.00
Low: 201.00
Prev. Close: 208.00
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Director dealings: M&C Saatchi chair invests, Staffline director linked to transactions

Mon, 18th Sep 2023 11:09

(Sharecast News) - M&C Saatchi was on the list of director buys on Monday after its executive chair bought 70,000 shares in two separate transactions.

The firm said Zillah Byng-Thorne purchased 50,000 shares on 14 September for 125p each.

Byng-Thorne then purchased an additional 20,000 shares on 15 September at an average price of 133.88p.

That made for a total spend of £89,279.13 on the 70,000 shares.

M&C Saatchi said that due to the transactions, Byng-Thorne's beneficial interest in the company now amounted to 213,536 shares, representing 0.17% of its issued share capital.

On the selling side of the ledger was recruitment and training provider Staffline, after Henry Spain Investment Services - a 'person closely associated' with non-executive director and interim chairman Thomas Spain, sold 23,672 shares for 28.5p each on 13 September.

It then repurchased 23,672 shares at 28.575p apiece due to adjustments in individual client portfolios.

On 15 September, Henry Spain Investment Services purchased a further 170,000 shares, the company disclosed, at 28.95p per share.

At the close on Monday, shares in M&C Saatchi were down 1.08% at 137p, while those in Staffline Group were up 1.76% at 28.95p.

Reporting by Josh White for Sharecast.com.

Top Director Buys

M&c Saatchi (SAA)

Director name: Byng-Thorne,Zillah

Amount purchased: 50,000 @ 125.00p

Value: £62,500.00

Gore Street Energy Storage Fund (GSF)

Director name: Murley,Thomas

Amount purchased: 75,000 @ 80.10p

Value: £60,072.33

Staffline Group (STAF)

Director name: Spain,Thomas

Amount purchased: 170,000 @ 28.95p

Value: £49,215.00

M&c Saatchi (SAA)

Director name: Byng-Thorne,Zillah

Amount purchased: 20,000 @ 133.88p

Value: £26,776.00

Lindsell Train Inv Trust (LTI)

Director name: Lindsell,Michael

Amount purchased: 25 @ 89,999.99p

Value: £22,500.00

Aferian (AFRN)

Director name: Royde ,Max

Amount purchased: 125,000 @ 16.70p

Value: £20,875.00

Lindsell Train Inv Trust (LTI)

Director name: Lindsell,Michael

Amount purchased: 15 @ 90,000.00p

Value: £13,500.00

Mattioli Woods (MTW)

Director name: Knapp,Edward

Amount purchased: 2,006 @ 623.00p

Value: £12,497.38

Staffline Group (STAF)

Director name: Spain,Thomas

Amount purchased: 23,672 @ 28.58p

Value: £6,764.27

Mortgage Advice Bureau (holdings) (MAB1)

Director name: Thompson,Ben

Amount purchased: 56 @ 527.70p

Value: £295.51

Mortgage Advice Bureau (holdings) (MAB1)

Director name: Tilley,Lucy

Amount purchased: 56 @ 512.77p

Value: £287.15

Bae Systems (BA.)

Director name: Greve,Brad

Amount purchased: 15 @ 1,048.66p

Value: £157.30

Anglo American (AAL)

Director name: Pearce,Stephen

Amount purchased: 7 @ 2,163.00p

Value: £151.41

(HWG)

Director name: Shillaw,Lynda

Amount purchased: 137 @ 108.80p

Value: £149.06

(HWG)

Director name: Patmore,Katerina

Amount purchased: 137 @ 108.80p

Value: £149.06

Mitchells & Butlers (MAB)

Director name: Urban,Phil

Amount purchased: 60 @ 231.20p

Value: £138.72

Mitchells & Butlers (MAB)

Director name: Jones,Timothy (Tim) Charles

Amount purchased: 60 @ 231.20p

Value: £138.72

Anglo American (AAL)

Director name: Wanblad ,Duncan

Amount purchased: 6 @ 2,163.00p

Value: £129.78

Top Director Sells

Staffline Group (STAF)

Director name: Spain,Thomas

Amount sold: 23,672 @ 28.50p

Value: £6,746.52

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31 Oct 2022 15:22

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(Sharecast News) - Next Fifteen said on Monday that it has terminated its bid for advertising firm M&C Saatchi after failing to get shareholder support.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
21 Oct 2022 12:09

IN BRIEF: Next Fifteen says M&C Saatchi offer will not be approved

Next Fifteen Communications Group PLC - London-based digital marketing firm - Admits that takeover offer for London-based advertising agency M&C Saatchi PLC is unlikely to be approved by M&C Saatchi shareholders at a general meeting called for October 31. London-listed takeover vehicle AdvancedAdvT Ltd and its chair Vin Murria, who together hold 22% of M&C Saatchi shares, are bound to vote against the scheme, due to a previous statement, Next 15 notes. AdvancedAdvT's rival offer for M&C Saatchi lapsed at the end of last month. While the board of M&C Saatchi at first had favoured Next Fifteen's offer, a decline in the Next Fifteen share price caused the M&C Saatchi board in June to withdraw support for the offer, which was a mix of cash and shares.

Read more
14 Oct 2022 12:58

AdvancedAdvt loss widens as incurs costs from failed M&C Saatchi deal

(Alliance News) - AdvancedAdvt Ltd on Friday reported a significantly widened loss after its failed attempt to acquire advertising agency M&C Saatchi PLC, but it retained significant cash for further acquisitions.

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6 Oct 2022 17:18

TRADING UPDATES: Nostra revenue rises; Synergia eyes Cambay farm-out

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News:

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26 Sep 2022 15:33

IN BRIEF: M&C Saatchi rejects AdvancedAdvT offer again before deadline

M&C Saatchi PLC - London-based advertising agency - Board continues to unanimously reject takeover offer from AdvancedAdvT Ltd, as Friday deadline for acceptances looms. AdvancedAdvT is M&C Saatchi's largest shareholder, and it is chaired by Vin Murria, a former member of M&C Saatchi's board. Under AdvancedAdvT's offer, shareholders in M&C Saatchi would receive 2.043 new shares in AdvancedAdvT and 40p in cash, or receive 2.530 new AdvancedAdvT shares.

Read more
15 Sep 2022 15:10

AdvancedAdvT urges M&C Saatchi shareholders to accept final offer

(Alliance News) - AdvancedAdvT Ltd on Thursday urged shareholders in M&C Saatchi PLC to accept the final offer made in an acquisition attempt as it issued an update on acceptance levels.

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13 Sep 2022 14:01

IN BRIEF: M&C Saatchi rejects "derisory" AdvancedAdvt takeover offer

M&C Saatchi PLC - London-based advertising agency - Unanimously recommends that M&C Saatchi shareholders reject an offer by AdvancedAdvt Ltd by taking no action in relation to it. Explains that the company has a strong standalone future with record results for 2021, and strong results for the first half of 2022. Further, it believes that the original offer price is to low and fails to reflect its growth and opportunities. Adds that the offer has a high risk of damaging its culture, triggering a talent exodus, and could potentially lead to revenue loss and value destruction.

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13 Sep 2022 10:12

M&C Saatchi reiterates rejection of 'derisory' ADV offer

(Sharecast News) - M&C Saatchi reiterated its rejection on Tuesday of what it called a "derisory" takeover offer from largest shareholder Advanced Advt.

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8 Sep 2022 19:15

AdvancedAdvT ups ante in bid to take control of unwavering M&C Saatchi

(Alliance News) - Advertising agency M&C Saatchi PLC on Thursday once again called on its shareholders to reject a takeover bid by AdvancedAdvT Ltd, after the latter moved to expedite proceedings.

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7 Sep 2022 14:43

CORRECT: M&C Saatchi interim profit plummets on increasing costs

(Correcting net revenue for the first half of 2021.)

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7 Sep 2022 11:10

M&C Saatchi interim profit plummets on increasing costs

(Alliance News) - M&C Saatchi PLC on Wednesday posted a diminished profit for the first half of 2022 despite growing revenue as rising expenses and transaction costs hit.

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