Source - LSE Regulatory
RNS Number : 1061K
M&C Saatchi PLC
31 August 2021
 

31 August 2021

M&C SAATCHI PLC

(the "Company")

Publication of Annual Report and Accounts and Notice of Results

The Company is pleased to announce that its audited Annual Report and Accounts for the financial year ended 31 December 2020 (Annual Report) has been published today. The Annual Report is available on the Company's website at https://www.mcsaatchiplc.com/reports-results/2020. Printed copies of the Annual Report are being posted to shareholders who have requested hard copies.

 

There is no change to the group's 2020 previously announced profit. A £1.1m prior period adjustment to headline (not statutory) profit reported in the unaudited financial statements published on 30 June 2020 is now not considered to be necessary, with the result that 2019 headline profit is now the same as the audited financial statements for the year ended 31 December 2019. This is no longer required as the events that changed the accounting occurred in 2020 rather than in the prior year. There has been a restatement in the 2020 balance sheet with current assets increasing by £1.0m and current liabilities increasing by £0.2m, resulting in an increase in net assets of £0.8m. These are referred to more fully within the Basis of Preparation section in the Annual Report.

The Company will announce its interim results for the six months ended 30 June 2021 on Tuesday 21 September 2021.

 

For further information please call:

M&C Saatchi Plc

                        +44 (0)20-7543-4500

Moray MacLennan, Mickey Kalifa

 

 

 

Tulchan Communications

                        +44 (0)20-7353-4200

Tom Murray, Matt Low, Hollie Ralston

 

 

Numis Securities

                        +44 (0)20-7260-1000

Nick Westlake, Hugo Rubinstein, NOMAD
Charles Farquhar, Corporate Broking

 

 

Liberum

                        +44 (0)20-3100-2000

Neil Patel, Benjamin Cryer, Edward Phillips,
Will King

 

 

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
 
 
ACSWPUCWRUPGGMU
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.