Holding(s) in Company -Paradice | RNS | Ticker

Holding(s) in Company -Paradice

RNS Announcement

RNS Number : 4166F

M&C Saatchi PLC

20 February 2015

For filings with the FCA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		M&C Saatchi plc
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			X
Other (please specify):
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Paradice Investment Management Pty Ltd
4. Full name of shareholder(s) (if different from 3.):^iv	StateStreet Nominees Chase Nominees The Bank of New York (Nominees) Ltd. Vidacos Nominees Limited
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	23 January 2015
6. Date on which issuer notified:	12 February 2015
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	Reduction of holdings beneath 11%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

GB00B01F7T14

7,498,455

10.61%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

7,498,455

10.61%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
Paradice Investment Management LLC is an investment management entity that manages the assets of certain funds and/or managed accounts and the assets under its management include the shares described in Box 8A of this notification. Paradice Investment Management LLC is a direct controlled undertaking of Paradice Investment Management Pty Ltd.

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:

13. Additional information:	Change in percentage held is a result of an increase in the number of shares outstanding. Data is based on the total number of shares outstanding of 70,680,262.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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RNS metadata

Title: Holding(s) in Company -Paradice
Time: 10:15:02
Date: 20 Feb 2015
Category: Holding(s) in company
ID: 4166F