M&C Saatchi Regulatory News (SAA)

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

NEXT FIFTEEN COMMUNICATIONS GROUP P

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

07 June 2022

(f)

In addition to the company in 1(c) above, is the discloser making

YES:

disclosures in respect of any other party to the offer?

M&C SAATCHI PLC

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

2.5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

368,815

0.38%

351,112

0.36%

(2)

Cash-settled derivatives:

2,292,486

2.34%

56,275

0.06%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,661,301

2.71%

407,387

0.42%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

2.5p ordinary

Purchase

129

11.0000 GBP

2.5p ordinary

Purchase

153

11.1819 GBP

2.5p ordinary

Purchase

183

11.0200 GBP

2.5p ordinary

Purchase

326

11.0101 GBP

2.5p ordinary

Purchase

335

11.1231 GBP

2.5p ordinary

Purchase

359

11.3200 GBP

2.5p ordinary

Purchase

375

11.2800 GBP

2.5p ordinary

Purchase

734

11.2995 GBP

2.5p ordinary

Purchase

1,203

11.0261 GBP

2.5p ordinary

Purchase

1,686

10.9394 GBP

2.5p ordinary

Purchase

2,982

10.9400 GBP

2.5p ordinary

Purchase

3,514

11.0604 GBP

2.5p ordinary

Purchase

38,368

10.9420 GBP

2.5p ordinary

Sale

359

11.3200 GBP

2.5p ordinary

Sale

375

11.2803 GBP

2.5p ordinary

Sale

375

11.2800 GBP

2.5p ordinary

Sale

1,086

11.2936 GBP

2.5p ordinary

Sale

1,238

11.2708 GBP

2.5p ordinary

Sale

2,304

10.9469 GBP

2.5p ordinary

Sale

3,020

11.0479 GBP

2.5p ordinary

Sale

3,744

11.1777 GBP

2.5p ordinary

Sale

4,510

11.0129 GBP

2.5p ordinary

Sale

5,691

10.9400 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

2.5p ordinary

 SWAP

Long

33

11.2465 GBP

2.5p ordinary

 SWAP

Long

155

11.3000 GBP

2.5p ordinary

 SWAP

Long

309

10.9549 GBP

2.5p ordinary

 SWAP

Long

309

10.9767 GBP

2.5p ordinary

 SWAP

Long

321

10.9904 GBP

2.5p ordinary

 SWAP

Long

336

10.9800 GBP

2.5p ordinary

 SWAP

Long

472

10.9399 GBP

2.5p ordinary

 CFD

Long

716

11.2784 GBP

2.5p ordinary

 CFD

Long

1,086

11.2936 GBP

2.5p ordinary

 CFD

Long

1,238

11.2708 GBP

2.5p ordinary

 SWAP

Long

2,515

11.0656 GBP

2.5p ordinary

 SWAP

Long

2,708

10.9400 GBP

2.5p ordinary

 CFD

Long

2,983

10.9400 GBP

2.5p ordinary

 CFD

Long

3,744

11.1777 GBP

2.5p ordinary

 SWAP

Short

81

11.0000 GBP

2.5p ordinary

 SWAP

Short

321

10.9405 GBP

2.5p ordinary

 SWAP

Short

384

11.0820 GBP

2.5p ordinary

 SWAP

Short

950

10.9558 GBP

2.5p ordinary

 SWAP

Short

1,532

11.0899 GBP

2.5p ordinary

 SWAP

Short

1,564

10.9798 GBP

2.5p ordinary

 SWAP

Short

1,835

11.0815 GBP

2.5p ordinary

 SWAP

Short

2,049

11.0682 GBP

2.5p ordinary

 CFD

Short

35,854

10.9408 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the person making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

8 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213