M&C Saatchi PLC AGM Statement (3379H)

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RNS Number : 3379H

M&C Saatchi PLC

07 June 2017

M&C Saatchi PLC

Annual General Meeting Chairman's Statement 7(th) June 2017

At the AGM, Jeremy Sinclair, Chairman of M&C Saatchi PLC, will make the following statement:

"2017 has started well and trading is in line with expectations.

"Following our well-rehearsed slogan of New Business and New Businesses, here is the 2017 story so far:

   --           We have expanded our successful brand identity unit, RE from Sydney to London. 

-- We are taking our research agency, the Source, on its first expansion from London, to Melbourne.

   --           We have spread Sports and Entertainment's wings to cover LA. 

-- We are also taking our strategic consultancy Clear to LA, as well as opening in Berlin.

   --           We are looking at expanding the advertising network to Mexico City. 

"In terms of New Business, group companies have made a good start:

   --           The LA office won Pacific Life, the American mutual insurance company. 
   --           Our French colleagues won Haribo Candy. 

-- SS+K NY, in whom we have increased our stake from 51% to 67%, have won some Samsung and Airbnb.

-- In the UK, the Agency started the year well winning Dreams, the retailer and Visit Britain a British Tourism campaign designed to persuade you to holiday here.

   --           Still in the UK, LIDA won The Body Shop. 
   --           And M&C Saatchi PR won Virgin. 

"All of this gives the Board confidence of another successful year for the company."

-ends-

For further information, please contact:

   M&C Saatchi plc                                 [phone] 

Jeremy Sinclair, Chairman

   Numis Securities                                 [phone] 

Nick Westlake, NOMAD

Charles Farquhar, Corporate Broking

   Tulchan Communications                   [phone] 

Tom Murray

This information is provided by RNS

The company news service from the London Stock Exchange

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June 07, 2017 02:00 ET (06:00 GMT)