REG-M&C Saatchi PLC Acquisition

Released : 03/07/2007 09:33

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RNS Number:5376Z 
M&C Saatchi PLC 
03 July 2007 
 
 
 
M&C Saatchi PLC 
3 July 2007 
 
                                M&C SAATCHI PLC 
                        ("M&C Saatchi" or the "Company") 
 
 M&C Saatchi have acquired an additional 19.5%of Walker Media Holdings Limited 
 
M&C Saatchi is pleased to announce that it has acquired an additional 19.5% of 
the issued ordinary shares of Walker Media Holdings Limited ("Walker Media"), 
this includes the 14% held by Christine Walker as announced on 4 May 2007, and 
half of Phil Georgiadis' interest (representing 4.75%). Upon completion of the 
acquisition M&C Saatchi plc (together with its subsidiary M&C Saatchi Worldwide 
Limited) will hold approximately 94.5% of the share capital of Walker Media. 
 
Walker Media is a media planning and buying company that Christine Walker 
founded with Phil Georgiadis and M&C Saatchi in 1997.  Walker Media is the 
eighth largest media agency in the UK, with annual billings in excess of £300 
million. 
 
M&C Saatchi has made a cash payment of £8,783,252 and issued 1,888,236 ordinary 
of 1p each in the capital of M&C Saatchi plc ("Ordinary Shares"), by way of 
initial consideration The consideration will be capable of being adjusted 
following the determination of the consolidated profit for the Walker Media 
group for the financial year ending 31 December 2007. 
 
The 1,888,236 new shares are expected to be admitted to trading on AIM on 6 July 
2007, following which the Company's issued share capital will consists of 
56,203,533 ordinary shares of 1p each ('Ordinary Shares'). Of this total, 
700,000 Ordinary Shares are held in treasury. 
 
As a consequence of this share issue Christine Walker share holding will be 
1,844,207 ordinary shares of 1p each in the Company, representing 3.3% per cent 
of the issued share capital of the Company 
 
M&C Saatchi's directors, having consulted with Numis Securities Limited, 
consider the terms of the transaction to be fair and reasonable insofar as M&C 
Saatchi's shareholders are concerned. 
 
For further information: 
 
M&C Saatchi plc 
020 7543 4500 
David Kershaw, Chief Executive 
 
Numis Securities Ltd  
020 7260 1000 
Charles Farquhar 
 
 
Tulchan Communications 
020 7353 4200 
Celia Gordon Shute 
 
Notes 
 
Walker Media started trading in January 1998 as a 50:50 joint venture with M&C 
Saatchi. In July 2004 M&C Saatchi acquired a further 25% of Walker Media's 
shares when the Company was launched on the London AIM market. 
 
 
 
 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
 
END