No intention to make an offer for M&C Saatchi plc

AdvancedAdvT

09/03/2026 07:05

RNS Number : 8362V

AdvancedAdvT Limited

09 March 2026

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

 

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

 

FOR IMMEDIATE RELEASE

 

9 March 2026

AdvancedAdvT Limited

 

Statement of intention not to make an offer for M&C Saatchi plc

 

The Board of AdvancedAdvT Limited (AIM: ADVT) (the "Company") announces that Vin Murria, Chairperson, has been appointed to the board of M&C Saatchi plc ("M&C Saatchi") as non-executive deputy chair, and that it does not intend to make an offer for M&C Saatchi.

 

Accordingly, except with the consent of the Panel on Takeovers and Mergers (the "Takeover Panel"), ADVT and any person acting in concert with ADVT (including Vin Murria who is considered as a person acting in concert with ADVT), is bound by the restrictions under Rule 2.8 of the Code.

 

Under Note 2 on Rule 2.8 of the Code, AdvT, and any person acting in concert with AdvT (including Vin Murria who is considered as a person acting in concert with ADVT), reserves the right to set aside the restrictions in Rule 2.8 of the Code in the following circumstances:

 

i)    with the agreement or recommendation of the board of M&C Saatchi;

 

ii)    following the announcement of a firm intention to make an offer for M&C Saatchi, by or on behalf of a third party;

 

iii)   following the announcement by M&C Saatchi of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and/or

 

iv)   if there has been a material change of circumstances (as determined by the Takeover Panel).

 

As at 6 March 2026, Vin Murria held 14,437,452 ordinary shares in M&C Saatchi (being 11.8% of M&C Saatchi's issued share capital), Vin Murria is also Chairperson and a substantial shareholder in AdvT. AdvT holds 12,000,000 ordinary shares in M&C Saatchi (being 9.8% of M&C Saatchi's issued share capital).

 

Enquiries:

AdvancedAdvT Limited
Vin Murria, Chairperson
Gavin Hugill, Chief Financial Officer
Singer Capital Markets (Nominated Adviser and Broker)
Tel: 020 7496 3000
Philip Davies / James Fischer
KK Advisory (Investor Relations)
Tel: 020 7039 1901
Kam Bansil


 

 

AdvancedAdvT Limited (AdvT) provides software solutions and platforms across two business transformational areas: business solutions & healthcare compliance, and human capital management.

 

AdvT is an agent for change. The Group enables the delivery of Artificial Intelligence ("AI"), data analytics and business intelligence, all of which are key future drivers for growth in these sectors where long term digitisation trends are set to transform the workplace for professionals. 

 

AdvT is developing both organically and through acquisitions, by expanding its presence across adjacent markets, geographical boundaries and digital sectors.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
OUPJPMMTMTBMTFF