Director's Dealing • Oct 1, 2018
Director's Dealing
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National Storage Mechanism | Additional information
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 / amendment | Initial notification | |||
| 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 | |||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| 380.0p | 262,895 | ||||
| d) | Aggregated information · Aggregated volume · Aggregated price |
262,895 £999,001 |
|||
| 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 / amendment | Initial notification | |||
| 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 | Purchase of Shares | |||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| 380.0p | 262,895 | ||||
| d) | Aggregated information · Aggregated volume · Aggregated price |
262,895 £999,001 |
|||
| e) | Date of the transaction | 28 September 2018 | |||
| f) | Place of the transaction | London Stock Exchange |
For further information, please contact:
M&C Saatchi +44 (0) 207 544 3693
Andy Blackstone, Company Secretary
Numis Securities +44 (0) 207 260 1000
Nick Westlake, NOMAD
Charles Farquhar, Corporate Broking
Tulchan Communications +44 (0) 207 353 4200
Tom Murray
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 [email protected] or visit www.rns.com.
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