REG - Mercia Asset Mgt PLC - AGM Statement

Mercia Asset ManagementAnnouncement

26/09/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240926:nRSZ6504Fa&default-theme=true

RNS Number : 6504F  Mercia Asset Management PLC  26 September 2024

 RNS  26 September 2024

 

Mercia Asset Management PLC

 

("Mercia", the "Group" or the "Company")

AGM Statement

 

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused
specialist alternative asset manager with over £1.8billion of assets under
management, is holding its Annual General Meeting at 10.00 am today. The
Non-executive Chair, Ian Metcalfe, will make the following remarks at the
meeting:

 

"Mercia has made a positive start to the current financial year across both
its equity and debt fund portfolios, including the Group's five new British
Business Bank mandates. We are encouraged by our deal pipelines and the Group
remains well placed to continue to deploy capital across our fund portfolios,
by supporting both existing portfolio companies, as well as adding new
investments, as a result of our continuing significant liquidity.

 

"Our debt free balance sheet cash position of over £43million remains strong,
together with its resultant yield. We therefore remain optimistic for
continuing profitable progress across the Group during the second half of the
current financial year."

 

 

-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
 Charles Leigh-Pemberton

 FTI Consulting                                       +44 (0)20 3727 1051
 Tom Blackwell, Jenny Boyd
 mercia@fticonsulting.com

 

About Mercia Asset Management PLC

 

Mercia is a proactive, specialist alternative 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 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".

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMSEUFSIELSELU