M&C Saatchi PLC Additional Listing and total voting rights (8369N)
03 February 2021 - 7:00PM
UK Regulatory
TIDMSAA
RNS Number : 8369N
M&C Saatchi PLC
03 February 2021
3 February 2021
M&C SAATCHI PLC
("M&C Saatchi" or the "Company")
Issue of New Shares
Application will be made to the London Stock Exchange for the
admission of 6,499,606 new ordinary shares of one pence each in the
capital of the Company (the "New Shares") to trading on the AIM
market of the London Stock Exchange. The New Shares have been
issued in exchange for shares in the group's Brazilian, Hong Kong
and French associates following the exercise of put options onto
the Company of those shares by their current holders, to satisfy
deferred consideration payable for shares previously acquired in
the group's South African subsidiary and to satisfy certain other
obligations under the group's incentive arrangements.
Following completion of the exercise of the put options, both
the Brazilian and Hong Kong associates will become subsidiaries of
the group.
The recipients of the New Shares have sold 6,437,588 New Shares
at a price of 89 pence per share (the "Placing"). Moray MacLennan,
the Company's CEO has bought 561,798 New Shares pursuant to the
Placing and now holds a total of 562,149 ordinary shares in the
Company.
Application will be made for admission of the New Shares which
is expected to become effective on 10 February 2021.
The total number of ordinary shares in issue on the date of
admission will be 122,416,196 . Of this total, 485,970 ordinary
shares are held in treasury. Therefore, the total number of
ordinary shares in issue with voting rights will be 121,930,226
.
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.
Market Abuse Regulation
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation. Upon the publication of this announcement via a
regulatory information service, this inside information is now
considered to be in the public domain.
For further information please call:
M&C Saatchi +44 (0)20-7543-4500
Moray MacLennan, Mickey Kalifa
Tulchan Communications +44 (0)20-7353-4200
Tom Murray, Deborah Roney
Numis Securities +44 (0)20-7260-1000
Nick Westlake, Hugo Rubinstein,
NOMAD
Charles Farquhar, Corporate
Broking
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ALSKZGGZNFGGMZG
(END) Dow Jones Newswires
February 03, 2021 03:00 ET (08:00 GMT)
M&c Saatchi (LSE:SAA)
Historical Stock Chart
From Apr 2024 to May 2024
M&c Saatchi (LSE:SAA)
Historical Stock Chart
From May 2023 to May 2024