Business
Issue of Equity and Director Dealings
Issue of Equity and Director Dealings.
About this update from M&c Saatchi Plc
[{"type":"text","content":"\n \nRNS Number : 5196I M&C Saatchi PLC 15 June 2011 \n \n\n \nM&C Saatchi plc \n(\"M&C Saatchi\" or \"the Company\")\n \nDirector Shareholding and Further Issue of Shares\nApplication has been made to AIM for the admission of 215,115 new ordinary shares of 1p each in the Company (the \"New Shares\"). The New Shares, which will rank parri passu in all respects with the Company's existing shares in issue, have been allotted pursuant to the exercise of options by employees of the Company in accordance with the Company's LTIP Scheme. Admission of the New Shares is expected to become effective on 17 June 2011.\nIncluded in the exercise of options referred to above was a transaction by Jamie Hewitt, a director of the Company. The Company was notified on 9 June 2011 that on 9 June 2011 Mr Hewitt exercised an option under the Company's LTIP Scheme to receive 9,138 ordinary shares for a subscription price of £1. As a result of this transaction Jamie Hewitt's total shareholding in the Company is 27,413 ordinary shares representing approximately 0.04% of the Company's issued share capital. \nThe total number of ordinary shares in issue on the date of admission of the New Shares will be 63,226,118. 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 62,526,118. \nThe 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. \n \n-ends-\n \nFor further information, please contact: \n \nM&C Saatchi plc +44 (0) 207 544 3693 \nAndy Blackstone, Company Secretary \n &n...