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SAA M&c Saatchi Plc

174.00
-7.00 (-3.87%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
M&c Saatchi Plc LSE:SAA London Ordinary Share GB00B01F7T14 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.00 -3.87% 174.00 174.00 176.00 177.00 171.00 175.00 42,784 15:55:35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising Agencies 462.53M 90k 0.0007 2,485.71 212.73M

M&C Saatchi PLC Directorate Change (4312W)

10/12/2019 6:17pm

UK Regulatory


M&c Saatchi (LSE:SAA)
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From Mar 2019 to Mar 2024

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TIDMSAA

RNS Number : 4312W

M&C Saatchi PLC

10 December 2019

Resignation of Directors

The Board of M&C Saatchi has announced today that the following Non-Executive Directors have stepped down with immediate effect: Lord Dobbs, Sir Michael Peat and Lorna Tilbian. Lord Saatchi, Executive Director, tendered his resignation.

Jeremy Sinclair, Chairman, said:

"We have accepted the decision of these Directors to resign. We are determined to restore the operational performance and profitability of the business and are already implementing all of the recommendations set out in the PwC report we announced last week. We had started a process to reconstruct our Board with new Independent Directors. This new Board will have a mandate to conduct a full review of all aspects of our governance."

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For further information please call:

   M&C Saatchi                                         +44 (0)20-7543-4500 

David Kershaw, Jeremy Sinclair

   Tulchan Communications                   +44 (0)20-7353-4200 

Tom Murray

   Numis Securities                                  +44 (0)20-7260-1000 

Nick Westlake, Hugo Rubinstein, NOMAD

Charles Farquhar, Corporate Broking

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

December 10, 2019 13:17 ET (18:17 GMT)

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