REG - Mercia Asset Mgt PLC - AGM Statement

Mercia Asset ManagementAnnouncement

14/09/2021 07:01

RNS Number : 5939L
  
Mercia Asset Management PLC
  
14 September 2021
  
 




RNS


14 September 2021



 
Mercia Asset Management PLC
 
("Mercia", the "Group" or the "Company")
 
AGM Statement
 
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£940million of assets under management, is today holding its Annual General Meeting. The Non-executive Chair, Ian Metcalfe, will make the following remarks at the meeting:
 
"I am pleased to say that Mercia is continuing to perform well across both its profitable fund management operations and its balance sheet direct investment portfolio. Our Group-wide strong liquidity position is enabling us to deploy capital into new and existing attractive investment opportunities, both through our managed funds and balance sheet. We have a differentiated business model which is now delivering incremental shareholder value and we are increasingly optimistic about our future."
 
-Ends-
 
For further information, please contact:
 



Mercia Asset Management PLC
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer
www.mercia.co.uk   
 


+44 (0)330 223 1430
 




Canaccord Genuity Limited (NOMAD and Joint Broker)


+44 (0)20 7523 8000




Simon Bridges, Andrew Potts


 




 


 




Singer Capital Markets (Joint Broker)


            +44 (0)20 7496 3000




Harry Gooden, James Moat


 




 


 




FTI Consulting


+44 (0)20 3727 1051




Tom Blackwell, Louisa Feltes, Shiv Talwar


 




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 balance sheet, venture, private equity and debt 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, 19 university partnerships and extensive personal networks, providing it with access to high-quality deal flow. Mercia currently has c.£940million of assets under management and, since its IPO in December 2014, has invested c.£111million gross into its direct investment portfolio.
 
Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".

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