Issue of Equity and Director Dealings
Released : 01/06/2011 15:28
RNS Number : 6907H
M&C Saatchi PLC
01 June 2011
M&C Saatchi PLC
1 June 2011
M&C Saatchi PLC ("M&C Saatchi" or "the Company")
Additional Listing and Director Dealings
Application has been made to the London Stock Exchange for the Admission of 227,163 new ordinary shares of 1p each in the Company (the "New Shares") to trading on AIM. The New Shares have been issued to employees of the Company in part to fulfil options and in part as consideration for capital interests in some of M&C Saatchi's UK group subsidiaries. Admission of the New Shares is expected to become effective on 3 June 2011.
As part of this transaction Jamie Hewitt, a director of the Company, will receive 8,947 ordinary shares of 1p each in the Company, following which Mr Hewitt's total holding in the Company is 18,275 ordinary shares of 1p each in the Company representing approximately 0.03% of the issued share capital of M&C Saatchi.
The total number of ordinary shares in issue on the date of admission of the New Shares will be 63,011,003. Of this total, 700,000 ordinary shares are held in treasury. Therefore, the total number of ordinary shares in issue with voting rights will be 62,311,003.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.
For further information, please contact:
M&C Saatchi plc +44 (0) 207 544 3693
Andy Blackstone, Company Secretary
Numis Securities +44 (0) 207 260 1000
Richard Thomas, NOMAD
Charles Farquhar, Corporate Broking
Tulchan Communications +44 (0) 207 353 4200
This information is provided by RNS
The company news service from the London Stock Exchange