1st Oct 2018 07:00
M&C Saatchi plc ("the Company")
Director Shareholding
M&C Saatchi plc was notified on 28 September 2018 that Lord Maurice Saatchi (executive director of the Company) sold 262,895 ordinary shares of 1p each in the Company at a price of 380 pence per share. At the same time, on 28 September 2018 The Lord Saatchi SIPP (pension fund), in which Lord Maurice Saatchi has a beneficial interest, acquired 262,895 ordinary shares of 1p each at a price of 380 pence per share.
As a result of this transaction, there is no change in Lord Maurice Saatchi's beneficial interest in the Company, which amounts to a total holding of 4,127,060 ordinary shares in the Company and represents approximately 4.88% 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 | |||
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) | ||
380.0p
| 262,895 | ||||
d) | Aggregated information · Aggregated volume · Aggregated price |
262,895 £999,001 | |||
e) | Date of the transaction | 28 September 2018
| |||
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 | Purchase of Shares | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
380.0p
| 262,895 | ||||
d) | Aggregated information · Aggregated volume · Aggregated price |
262,895 £999,001 | |||
e) | Date of the transaction | 28 September 2018
| |||
f) | Place of the transaction | London Stock Exchange | |||
For further information, please contact:
M&C Saatchi +44 (0) 207 544 3693Andy Blackstone, Company Secretary
Numis Securities +44 (0) 207 260 1000Nick Westlake, NOMADCharles Farquhar, Corporate Broking
Tulchan Communications +44 (0) 207 353 4200Tom Murray
Related Shares:
M&C Saatchi