15th Jan 2016 09:58
LONDON (Alliance News) - M&C Saatchi PLC Friday said Non-Executive Director Michael Dobbs bought 4,850 shares at a price of 310 pence per share Thursday.
The purchase is his only holding after being appointed in December.
Dobbs, was a former advisor to Margaret Thatcher and Conservative Party chief of staff, as well as deputy chairman under John Major. He is a political novelist and best selling author, writing acclaimed thriller House of Cards, on which the US television show of the same name was based. Dobbs also has been a current affairs presenter for the BBC was a columnist for the Mail on Sunday and Daily Express.
M&C Saatchi was created by brothers Maurice and Charles Saatchi after leaving the advertising agency Saatchi & Saatchi, which they had founded in 1970. M&C Saatchi were behind the advertising campaign that led to a victory for the Conservative party in the 2015 UK general election.
Shares in the advertising agency group were flat at 302.10p Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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