TIDMSAA TIDMAV.

RNS Number : 9116A

M&C Saatchi PLC

29 March 2017

 
 For filings with the FCA 
  include the annex 
 For filings with issuer exclude 
  the annex 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                       M&C Saatchi plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------------  --------------------------------- 
 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)                                      Aviva plc & its subsidiaries 
  subject to the 
  notification obligation: 
  (iii) 
-------------------------------------------------------------  ------------------------------------- 
 
 
 
 4. Full name of shareholder(s)        Registered Holder: 
  (if different from 3.):(iv) 
                                        Chase (GA Group) Nominees 
                                        Limited 
                                        4,393,338* 
 
                                        Chase Nominees Limited 
                                        45,822* 
                                        Available on request 
                                        2,707* 
 
                                        *denotes direct interest 
                                        Chase Nominees Limited 
                                        143,609 
 
                                        Vidacos Nominees Limited 
                                        228,483 
-------------------------------  -------------------------------- 
 5. Date of the transaction       27 March 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-------------------------------  -------------------------------- 
 6. Date on which issuer          29 March 2017 
  notified: 
-------------------------------  -------------------------------- 
 7. Threshold(s) that is/are      6% to 5% Change at Direct 
  crossed or                       Interest Level. (Box 8A) 
  reached: (vi, vii) 
-------------------------------  -------------------------------- 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------ 
 Class/type           Situation previous                Resulting situation after 
  of                   to the triggering                 the triggering transaction 
  shares               transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------------  --------------------------------  ----------------------------------------------------- 
                      Number               Number       Number      Number of              % of voting 
                       of                   of           of          voting                 rights (x) 
                       Shares               Voting       shares      rights 
                                            Rights 
-------------------  -------------------  -----------  ----------  ---------------------  ------------------ 
                                                        Direct      Direct      Indirect   Direct   Indirect 
                                                                     (xi)        (xii) 
-------------------  -------------------  -----------  ----------  ----------  ---------  -------  --------- 
 Ordinary 
  Shares 
 
 
  GB00B01F7T14        5,579,454*           5,579,454*   4,813,959   4,441,867   372,092    5.83%    0.49% 
                     -------------------  -----------  ----------  ----------  ---------  -------  --------- 
 
 
   * Includes Right to recall loaned shares (39,779) 
------------------------------------------------------------------------------------------------------------ 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------ 
 Type of financial    Expiration           Exercise/                Number of voting       % of voting 
  instrument           date                 Conversion               rights that            rights 
                       (xiii)               Period (xiv)             may be 
                                                                     acquired if 
                                                                     the 
                                                                     instrument 
                                                                     is 
                                                                     exercised/ 
                                                                     converted. 
-------------------  -------------------  -----------------------  ---------------------  ------------------ 
                                                                    364,594* 
 RIGHT TO RECALL 
  LOANED SHARES       N/A                  N/A                       * Direct Interest     0.48% 
-------------------  -------------------  -----------------------  ---------------------  ------------------ 
 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------- 
 Type of financial   Exercise   Expiration   Exercise/     Number of voting     % of voting 
  instrument          price      date         Conversion    rights instrument    rights (xix, 
                                 (xvii)       period        refers to            xx) 
                                              (xviii) 
------------------  ---------  -----------  ------------  -------------------  ---------------- 
                                                                                Nominal   Delta 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 5,178,553                 6.80% 
------------------------  ---------------------------- 
 
 
 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) 
 
 
   *    Friends Provident International Limited (wholly owned 
        subsidiary of Aviva Group Holdings 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 
                                                  76,149,685 as per the Company's 
                                                  Additional Listing and Total 
                                                  Voting Rights Announcement 
                                                  of 15 March 2017. 
----------------------------------------------  ----------------------------------- 
 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 29, 2017 08:27 ET (12:27 GMT)

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