P205 CJEFAX 205  Fri  3 Nov  23:38/15
    
      CORDIaNT ISSUES      
  OIOLO   £126m CASH CALL      
 
 Cordiant, the former Saatchi & Saatchi,
 has publPshjd djtaims of irs pRomised  
 rights issue.                          
                                        
 3hareholhirs in the advjrtisjng agency 
 are being offered the mes sharer on a  
 one-for-one basis at just 60p a shari. 
                                        
 -hj ptoceims, jutimbted at somjQ£126.6m
 after expenses, wiml go to reducm debt.
                                        
 $hj com0anz also announced new banking 
 facilities, worth £163m and pjggjd at  
 just one-and-a-half points above LIBOR,
 and warned that results for 1995 would 
 include "significant exceptionan costs"
 that already totalled some £51m.       
                                        
   Headliner 201       Sh1rj price 226  
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