REG - Mercia Asset Mgt PLC - MyHealthChecked plc signs major contract

Mercia Asset ManagementAnnouncement

06/04/2021 14:40

RNS Number : 5487U
  
Mercia Asset Management PLC
  
06 April 2021
  
 





RNS 


6 April 2021




 
Mercia Asset Management PLC
 
("Mercia" the "Company" or the "Group")
 
MyHealthChecked plc signs major contract 
 
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£872million of assets under management, notes today's announcement by its AIM quoted direct investment portfolio company MyHealthChecked plc (AIM: MHC), that is has signed a significant commercial contract with Boots UK Limited, the health and beauty retailer and pharmacy group.
 
MyHealthChecked plc is a fast growing personalised healthcare company. It became a direct investment in 2016, and, as at 30 September 2020, Mercia's 14.6% beneficial stake was valued at £675,000 based upon the closing bid price of 0.8 pence per share. Mercia currently holds 101,992,932 shares in MyHealthChecked plc, representing a direct beneficial stake of 14.1%. 
 
Mark Payton, Chief Executive Officer of Mercia, said: "We are pleased to note this significant commercial milestone for MyHealthChecked plc, which will enable it to provide its expanding product range of personalised healthcare products to a much larger number of customers." 
 
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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, Emma Gabriel 


 




 


 




N+1 Singer (Joint Broker)


 




Harry Gooden, James Moat
 


+44 (0)20 7496 3000




 


 




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.£872million of assets under management and, since its IPO in December 2014, has invested c.£106million gross into its direct investment portfolio.
 
Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".
 

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