Director/PDMR Shareholding
Released : 13/08/2019 12:18
RNS Number : 8762I
M&C Saatchi PLC
13 August 2019
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.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Maurice Saatchi (held by Trustees to The Lord Saatchi SIPP) |
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2 |
Reason for the notification |
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a) |
Position / status |
PDMR |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
M&C Saatchi plc |
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b) |
Legal entity identifier |
213800XBLFQZ1T1KBA87 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 1p each ("Shares")
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Identification code |
SAA |
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b) |
Nature of the transaction |
Purchase of Shares |
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c) |
Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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343.0p
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770,947 |
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d) |
Aggregated information · Aggregated volume · Aggregated price |
£2,644,348.21 |
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e) |
Date of the transaction |
2 August 2019
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f) |
Place of the transaction |
London Stock Exchange |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Maurice Saatchi |
|||
|
2 |
Reason for the notification |
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|
a) |
Position / status |
PDMR |
|||
|
b) |
Initial notification / amendment |
Initial notification |
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|
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 |
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|
c) |
Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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|
|
343.0p
|
770,947 |
|
||
|
d) |
Aggregated information · Aggregated volume · Aggregated price |
£2,644,348.21 |
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e) |
Date of the transaction |
2 August 2019
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f) |
Place of the transaction |
London Stock Exchange |
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-ends-
For further information, please contact:
M&C Saatchi plc +44 (0) 207 544 3693
Andy Blackstone, Company Secretary
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