Grant of SAYE Options
18/09/2023 16:00
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RNS Number : 8096M Mercia Asset Management PLC 18 September 2023
RNS 18 September 2023
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
Grant of SAYE Options
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused
specialist asset manager with c.£1.4billion of assets under
management, announces that options (the "Options") over a total of 2,318,735
new Ordinary shares of £0.00001 each in the capital of the Company ("Ordinary
Shares") were awarded today pursuant to the 2023 Mercia Save As You Earn Share
Option Plan (the "SAYE Scheme"). The Options were granted at an exercise price
of 20.72p per Ordinary Share (calculated in accordance with the rules of the
SAYE Scheme). The Options will vest on 1 November 2026.
These new Options have been issued within the 10.0% overall limit of the
Company's issued share capital, set by the approved 2014 Mercia Company Share
Option Plan. Following the grant of these Options, the Company has awarded, in
aggregate, a total of 37,676,771 options pursuant to the 2014 Mercia Company
Share Option Plan and the 2022 and 2023 Mercia Save As You Earn Option Plans,
equating to approximately 8.4% of the existing issued Ordinary share capital
of the Company. Mercia's SAYE Scheme provides staff with an additional medium
term retention incentive, which is fully aligned with the Group's shareholder
value creation strategy.
The following PDMRs applied for and have been granted Options pursuant to the
2023 SAYE scheme:
· Mark Payton, Director and CEO of the Company was granted 89,527
Options
· Martin Glanfield, Director and CFO of the Company was granted 89,527
Options
· Ross Gardner, PDMR and Group Financial Controller of the Company was
granted 89,527 Options
Following the grant of these Options, the PDMRs listed below hold the
following options and Ordinary Shares in the Company:
Name Role Grant of SAYE Options over Ordinary Shares Total number of other options over Ordinary Shares Interest in existing issued Ordinary Shares
Mark Payton* Director - CEO 89,527 5,422,932 7,184,876
Martin Glanfield** Director - CFO 89,527 4,536,697 1,599,118
Ross Gardner PDMR - Group Financial Controller 89,527 250,000 0
* Including 12,793 Ordinary shares held
by Katherine Yeo
** Including 165,254 Ordinary shares held by
Bryonie Glanfield
The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by person discharging
managerial responsibilities.
1 Details of the persons discharging managerial responsibilities/person closely
associated
a) Name Mark Payton - PDMR
2 Reason for the notification
a) Position/status Director (PDMR)
b) Initial Notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mercia Asset Management PLC
b) Legal Entity Identifier 213800A1Q4CF57NECG66
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over Ordinary shares of 0.001 pence each
Identification code
ISIN: GB00BSL71W47
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Exercise Price No. of shares
£0.2072 89,527
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
- Aggregated total
e) Date of the transaction 18 September 2023
f) Place of the transaction Outside a trading venue
1 Details of the persons discharging managerial responsibilities/person closely
associated
a) Name Martin Glanfield - PDMR
2 Reason for the notification
a) Position/status Director (PDMR)
b) Initial Notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mercia Asset Management PLC
b) Legal Entity Identifier 213800A1Q4CF57NECG66
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over Ordinary shares of 0.001 pence each
Identification code
ISIN: GB00BSL71W47
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Exercise Price No. of shares
£0.2072 89,527
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
- Aggregated total
e) Date of the transaction 18 September 2023
f) Place of the transaction Outside a trading venue
1 Details of the persons discharging managerial responsibilities/person closely
associated
a) Name Ross Gardner- PDMR
2 Reason for the notification
a) Position/status PDMR of the Company
b) Initial Notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mercia Asset Management PLC
b) Legal Entity Identifier 213800A1Q4CF57NECG66
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over Ordinary shares of 0.001 pence each
Identification code
ISIN: GB00BSL71W47
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Exercise Price No. of shares
£0.2072 89,527
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
- Aggregated total
e) Date of the transaction 18 September 2023
f) Place of the transaction Outside a trading venue
-Ends-
For further information, please contact:
Mercia Asset Management PLC +44 (0)330 223 1430
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer
www.mercia.co.uk (http://www.mercia.co.uk/)
Canaccord Genuity Limited (NOMAD and Joint Broker) +44 (0)20 7523 8000
Simon Bridges, Emma Gabriel
Singer Capital Markets (Joint Broker) +44 (0)20 7496 3000
Harry Gooden, James Moat
FTI Consulting +44 (0)20 3727 1051
Tom Blackwell, Jenny Boyd
mercia@fticonsulting.com
About Mercia Asset Management PLC
Mercia is a proactive, specialist asset manager focused on supporting regional
SMEs to achieve their growth aspirations. Mercia provides capital across its
four asset classes of venture, private equity, debt and proprietary capital:
the Group's 'Complete Connected Capital'. The Group initially nurtures
businesses via its third-party funds under management, then over time Mercia
can provide further funding to the most promising companies, by deploying
direct investment follow-on capital from its own balance sheet.
The Group has a strong UK footprint through its regional offices, university
partnerships and extensive personal networks, providing it with access to
high-quality deal flow.
Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".
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