Last checked at 13 Aug 2019 12:18
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 +44 (0) 207 544 3693
Andy Blackstone, Company Secretary