M&C SAATCHI PLC — Major Shareholding Notification 2016

Sep 27, 2016

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RNS Number : 9789K

M&C Saatchi PLC

27 September 2016

For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				M&C Saatchi plc
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
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Aviva plc & its subsidiaries

4. Full name of shareholder(s) (if different from 3.):iv	Registered Holder: BNY Norwich Union Nominees Limited      359,999*    Chase (GA Group) Nominees Limited       4,380,329* Chase Nominees Limited                                45,822* CUIM Nominee Limited                               258,039* Available on request                                         2,707* *denotes direct interest   Chase Nominees Limited                                170,031 Vidacos Nominees Limited                             322,748
5. Date of the transaction and date on which the threshold is crossed or reached: v	22 September 2016
6. Date on which issuer notified:	23 September 2016
7. Threshold(s) that is/are crossed or reached: vi, vii	7% to 6% Change at Direct Interest Level. (Box 8A & 8B)

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction				Resulting situation after the triggering transaction
Number of Shares		Number of Voting Rights		Number of shares	Number of voting rights		% of  voting rights x
Direct	Direct xi	Indirect xii	Direct		Indirect
Ordinary Shares GB00B01F7T14	5,722,122*		5,722,122*		5,539,675	5,046,896	492,779	6.92%		0.68%
* Includes Right to recall loaned shares (51,879)
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Expiration date xiii		Exercise/ Conversion Period xiv		Number of voting rights that may be acquired if the instrument is exercised/ converted.			% of voting rights
RIGHT TO RECALL LOANED SHARES		N/A		N/A		39,779* * Direct Interest			0.05%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date xvii	Exercise/ Conversion period xviii	Number of voting rights instrument refers to	% of voting rights xix, xx
					Nominal	Delta

Total (A+B+C)
Number of voting rights	Percentage of voting rights
5,579,454	7.65%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The voting rights are managed and controlled by Aviva Investors Global Services Limited and Friends Provident International Limited, with the following chain of controlled undertakings:- Aviva Investors Global Services Limited: ·      Aviva plc (Parent Company) ·      Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc) ·      Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited) ·      Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited) Friends Provident International Limited: ·      Aviva plc (Parent Company) ·      Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc) ·      Aviva Life Holdings UK Limited (wholly owned subsidiary of Aviva Group Holdings Limited) ·      Friends Life FPG Limited (wholly owned subsidiary of Aviva Life Holdings UK Limited) ·      Friends Life FPL Limited (wholly owned subsidiary of Friends Life FPG Limited) ·      Friends Life Limited (wholly owned subsidiary of Friends Life FPL Limited) ·      Friends Life and Pensions Limited (wholly owned subsidiary of Friends Life Limited) ·      Friends Provident International Limited (wholly owned subsidiary of Friends Life and Pensions Limited)
Proxy Voting:
10. Name of the proxy holder:		See Section 4
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	Figures are based on a total number of voting rights of 72,980,738 as per the Company's Additional Listing and Total Voting Rights Announcement of 23 August 2016.

This information is provided by RNS

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