Issue of Equity

RNS Number : 2914F

M&C Saatchi PLC

07 October 2008

 



M&C Saatchi plc ('M&C Saatchi' or 'the Company')

Further Issue of Shares

Application has been made to the London Stock Exchange for the Admission of 536,742 new ordinary shares of 1p each in the Company (the 'New Shares') to trading on AIM. The New Shares have been issued as consideration for the acquisition of a further 11.25% of the share capital of Immediate Sales Ltd, a UK group subsidiary of the Company. Following this acquisition, M&C Saatchi holds 97.2% of the share capital of Immediate Sales Ltd.

The New Shares will rank pari passu with the existing ordinary shares of 1p each in the Company and trading of the New Shares on AIM is expected to commence on 8 October 2008. The total number of ordinary shares in issue following admission of the New Shares will be 61,519,719. Of this total, 700,000 ordinary shares are held in treasury. 

Therefore, the total number of ordinary shares with voting rights will be 60,819,719.

For further information please contact 

M&C Saatchi plc	[phone]
Andy Blackstone, Company Secretary
Numis Securities Ltd	[phone]
Lee Aston (Nominated Adviser)
Charles Farquhar (Corporate Broking)
Tulchan Communications	[phone]
Lizzie Morgan

 

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