24th Sep 2018 12:55
LONDON (Alliance News) - M&C Saatchi PLC said Monday that outgoing Finance Director Jamie Hewitt has sold his entire holding in the advertising firm for GBP204,191 in a transaction that took place last Friday.
Hewitt - who also had announced on Friday that he would depart sometime over the next year - sold 54,451 shares at 375.00 pence each. Shares in M&C Saatchi were 2.6% lower at 380.00 pence on Monday.
The sale was described as being part of his "personal financial commitment as part of a divorce settlement". Following the transaction, Hewitt no longer holds any shares in M&C Saatchi.
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M&C Saatchi