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Director dealings: M&C Saatchi chair invests, Staffline director linked to transactions

(Sharecast News) - M&C Saatchi was on the list of director buys on Monday after its executive chair bought 70,000 shares in two separate transactions. The firm said Zillah Byng-Thorne purchased 50,000 shares on 14 September for 125p each.

Byng-Thorne then purchased an additional 20,000 shares on 15 September at an average price of 133.88p.

That made for a total spend of £89,279.13 on the 70,000 shares.

M&C Saatchi said that due to the transactions, Byng-Thorne's beneficial interest in the company now amounted to 213,536 shares, representing 0.17% of its issued share capital.

On the selling side of the ledger was recruitment and training provider Staffline, after Henry Spain Investment Services - a 'person closely associated' with non-executive director and interim chairman Thomas Spain, sold 23,672 shares for 28.5p each on 13 September.

It then repurchased 23,672 shares at 28.575p apiece due to adjustments in individual client portfolios.

On 15 September, Henry Spain Investment Services purchased a further 170,000 shares, the company disclosed, at 28.95p per share.

At the close on Monday, shares in M&C Saatchi were down 1.08% at 137p, while those in Staffline Group were up 1.76% at 28.95p.

Reporting by Josh White for Sharecast.com.

Top Director Buys

M&c Saatchi (SAA) Director name: Byng-Thorne,Zillah Amount purchased: 50,000 @ 125.00p Value: £62,500.00

Gore Street Energy Storage Fund (GSF) Director name: Murley,Thomas Amount purchased: 75,000 @ 80.10p Value: £60,072.33

Staffline Group (STAF) Director name: Spain,Thomas Amount purchased: 170,000 @ 28.95p Value: £49,215.00

M&c Saatchi (SAA) Director name: Byng-Thorne,Zillah Amount purchased: 20,000 @ 133.88p Value: £26,776.00

Lindsell Train Inv Trust (LTI) Director name: Lindsell,Michael Amount purchased: 25 @ 89,999.99p Value: £22,500.00

Aferian (AFRN) Director name: Royde ,Max Amount purchased: 125,000 @ 16.70p Value: £20,875.00

Lindsell Train Inv Trust (LTI) Director name: Lindsell,Michael Amount purchased: 15 @ 90,000.00p Value: £13,500.00

Mattioli Woods (MTW) Director name: Knapp,Edward Amount purchased: 2,006 @ 623.00p Value: £12,497.38

Staffline Group (STAF) Director name: Spain,Thomas Amount purchased: 23,672 @ 28.58p Value: £6,764.27

Mortgage Advice Bureau (holdings) (MAB1) Director name: Thompson,Ben Amount purchased: 56 @ 527.70p Value: £295.51

Mortgage Advice Bureau (holdings) (MAB1) Director name: Tilley,Lucy Amount purchased: 56 @ 512.77p Value: £287.15

Bae Systems (BA.) Director name: Greve,Brad Amount purchased: 15 @ 1,048.66p Value: £157.30

Anglo American (AAL) Director name: Pearce,Stephen Amount purchased: 7 @ 2,163.00p Value: £151.41

(HWG) Director name: Shillaw,Lynda Amount purchased: 137 @ 108.80p Value: £149.06

(HWG) Director name: Patmore,Katerina Amount purchased: 137 @ 108.80p Value: £149.06

Mitchells & Butlers (MAB) Director name: Urban,Phil Amount purchased: 60 @ 231.20p Value: £138.72

Mitchells & Butlers (MAB) Director name: Jones,Timothy (Tim) Charles Amount purchased: 60 @ 231.20p Value: £138.72

Anglo American (AAL) Director name: Wanblad ,Duncan Amount purchased: 6 @ 2,163.00p Value: £129.78

Top Director Sells

Staffline Group (STAF) Director name: Spain,Thomas Amount sold: 23,672 @ 28.50p Value: £6,746.52

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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