M&C SAATCHI PLC — Major Shareholding Notification 2016

Oct 13, 2016

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RNS Number : 5074M

M&C Saatchi PLC

13 October 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					x
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		HARGREAVE HALE LIMITED
4. Full name of shareholder(s)  (if different from 3.):iv		DISCRETIONARY CLIENTS
5. Date of the transaction and date on which the threshold is crossed or reached: v		11 OCTOBER 2016
6. Date on which issuer notified:		12 OCTOBER 2016
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 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		Indirect			Direct xi	Indirect xii		Direct	Indirect
GB00B01F7T14	3,435,601			3,435,601					3,783,650				3,783,650			5.0482%
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
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
3,783,650										5.0482%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
3,700,000 of these shares are held for unit trusts operated by Marlborough Fund Managers Ltd, for whom Hargreave Hale Ltd manages the portfolio of investments on a discretionary basis. The remaining shares are held for other discretionary clients.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

This information is provided by RNS

The company news service from the London Stock Exchange

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