M&C Saatchi PLC Holding(s) in Company - Herald Investment (3143F)

TIDMSAA

RNS Number : 3143F

M&C Saatchi PLC

16 May 2017

 
 For filings with the FCA 
  include the annex 
 For filings with issuer exclude 
  the annex 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                                 M&C Saatchi plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------  --------------------------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights 
-----------------------------------------------------------  ----------------------------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
-----------------------------------------------------------  ----------------------------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
-----------------------------------------------------------  ----------------------------------------------------- 
 An event changing the breakdown of voting rights                                      P 
-----------------------------------------------------------  ----------------------------------------------------- 
 Other (please 
  specify): 
------------------------------------------------------  ---  ----------------------------------------------------- 
 3. Full name of person(s)                                              Herald Investment Management 
  subject to the                                                                   Limited 
  notification obligation: 
  (iii) 
-------------------------------------------------------  --------------------------------------------------------- 
 4. Full name of shareholder(s)                                     Discretionary investment management 
  (if different from 3.):(iv)                                           clients of Herald Investment 
                                                                             Management Limited 
-------------------------------------------------------  --------------------------------------------------------- 
 5. Date of the transaction                                                      8 May 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-------------------------------------------------------  --------------------------------------------------------- 
 6. Date on which issuer                                                                           15 May 2017 
  notified: 
-------------------------------------------------------  --------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                 5% 
-------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous                  Resulting situation after the 
  of              to the triggering                   triggering transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  ----------------------------------  ------------------------------------------------------------------ 
                 Number            Number            Number          Number of voting         % of voting 
                  of                of                of shares       rights                   rights (x) 
                  Shares            Voting 
                                    Rights 
--------------  ----------------  ----------------  --------------  -----------------------  ------------------------- 
                                                     Indirect        Direct     Indirect      Direct        Indirect 
                                                                     (xi)        (xii) 
--------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
 
  GB00B01F7T14 
                                                                    ---------  ------------  ------------ 
                 3,836,433         3,836,433         3,836,433                  3,846,433                   4.97% 
--------------  ----------------  ----------------  --------------    -------  ------------      --------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration      Exercise/                         Number of voting           % of voting 
  instrument          date            Conversion                        rights that                rights 
                      (xiii)          Period (xiv)                      may be 
                                                                        acquired if 
                                                                        the 
                                                                        instrument 
                                                                        is 
                                                                        exercised/ 
                                                                        converted. 
------------------  --------------  --------------------------------  -------------------------  --------------------- 
 None                                                                                             Nil 
------------------  --------------  --------------------------------  -------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of           Exercise        Expiration      Exercise/         Number of voting           % of voting 
 financial          price          date            Conversion         rights instrument          rights (xix, 
 instrument                        (xvii)          period             refers to                  xx) 
                                                   (xviii) 
----------------  --------------  --------------  ----------------  -------------------------  ----------------------- 
 None                                                                                           Nominal       Delta 
----------------  --------------  --------------  ----------------  -------------------------  ------------  --------- 
                                                                                                Nil 
--------------      ------------    ------------      ------------    -------  ------------    ------------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                               Percentage of voting rights 
----------------------------------------------------  ---------------------------------------------------------------- 
 
     3,836,433                                              4.97% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------- 
 
                                                             N/A 
 
 Proxy Voting: 
---------------------------------------------------------------- 
 10. Name of the proxy holder:                             N/A 
----------------------------------------------------  ---------- 
 11. Number of voting rights proxy                         N/A 
  holder will cease to hold: 
----------------------------------------------------  ---------- 
 12. Date on which proxy holder will                       N/A 
 cease to hold voting rights: 
----------------------------------------------------  ---------- 
 
 
 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 16, 2017 08:36 ET (12:36 GMT)