M&C Saatchi PLC Director/PDMR Shareholding (4299C)

TIDMSAA

RNS Number : 4299C

M&C Saatchi PLC

01 October 2018

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                   Initial notification 
        / amendment 
      -------------------------------------  ------------------------------------------- 
 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                     Ordinary shares of 1p each ("Shares") 
        financial instrument, 
        type of instrument 
       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 
                                                262,895 
                                                GBP999,001 
         *    Aggregated price 
      -------------------------------------  ------------------------------------------- 
 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                   Initial notification 
        / amendment 
      -------------------------------------  ------------------------------------------- 
 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                     Ordinary shares of 1p each ("Shares") 
        financial instrument, 
        type of instrument 
       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 
                                                262,895 
                                                GBP999,001 
         *    Aggregated price 
      -------------------------------------  ------------------------------------------- 
 e)    Date of the transaction                28 September 2018 
      -------------------------------------  ------------------------------------------- 
 f)    Place of the transaction               London Stock Exchange 
      -------------------------------------  ------------------------------------------- 
 

For further information, please contact:

   M&C Saatchi                                     [phone] 

Andy Blackstone, Company Secretary

   Numis Securities                               [phone] 

Nick Westlake, NOMAD

Charles Farquhar, Corporate Broking

   Tulchan Communications                 [phone] 

Tom Murray

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October 01, 2018 02:00 ET (06:00 GMT)