M&C Saatchi PLC Holding(s) in Company (9981Z)
March 20 2017 - 11:55AM
UK Regulatory
TIDMSAA
RNS Number : 9981Z
M&C Saatchi PLC
20 March 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or M&C SAATCHI PLC
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
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2 Reason for the notification (please tick the appropriate
box or boxes):
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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
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An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
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An event changing the breakdown of voting rights ü
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Other (please Client mandate changes on 16/03/2017 ü
specify): reduced the discretionary holdings
by 3,000 shares.
----------------------------------------------------- -------------------------------------- -------
3. Full name of person(s) HARGREAVE HALE LIMITED
subject to the
notification obligation:
(iii)
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4. Full name of shareholder(s) DISCRETIONARY CLIENTS
(if different from 3.):(iv)
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5. Date of the transaction 16 MARCH 2017
and date on
which the threshold is
crossed or
reached: (v)
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6. Date on which issuer 17 MARCH 2017
notified:
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7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 5%
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8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- --------------------------------- ---------------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
------------- --------------- ---------------- ----------------------------- ----------------------- -------------------
Direct Indirect Direct Indirect Direct Indirect
(xi) (xii)
------------- ----------- ------------ ------------- -------------- --------- ------------ -------- ---------
GB00B01F7T14 3,801,830 3,801,830 3,798,830 3,798,830 4.9886%
--------------- ---------------- ------------- -------------- --------- ------------ -------- ---------
B: Qualifying Financial Instruments
-----------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- --------------- ------------------------------- ----------------------------------- -------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
-----------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- --------------- ---------------- ------------- ------------------------- -------------------------------
Nominal Delta
--------------- --------------- ---------------- ------------- ------------------------- -------------------- ---------
Total (A+B+C)
-----------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------------------- ----------------------------------------------------------
3,798,830 4.9886%
----------------------------------------------------------------- ----------------------------------------------------------
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:
-------------------------------------------------------------------- ----------------------------------
The change in the percentage
13. Additional information: of shares held is due mostly
to the shares issued by M&C
Saatchi Plc, which were admitted
to AIM on 16/03/2017.
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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