Abstract Novel phthalocyanines (M = Ni, Zn, Co) bearing eight 2′‐aminophenoxy and 2′‐amino phenylsulfanyl substitutents on peripheral positions have been prepared starting from 4,5‐bis(2′‐aminophnoxy)−1,2‐dicyanobenzene and the corresponding anhydrous metal salts [NiCl2, Zn(O2CMe)2, CoCl2]‐ Complexation of octakis(2′‐amino phenylsulfanyl)‐substituted metallo phthalocyanines (2b, 3b and 4b) with Pd11 to form the pentanuclear product was accomplished from their mixtures.