REG - Mercia Asset Mgt PLC - Director/PDMR Dealings

Mercia Asset ManagementAnnouncement

22/03/2024 07:00

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RNS Number : 8751H  Mercia Asset Management PLC  22 March 2024

 RNS  22 March 2024

 

Mercia Asset Management PLC

 

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

 

Director/PDMR Dealings

 

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused
specialist asset manager with c.£1.5billion of assets under management,
announces that it has received notification of the following transaction
relating to Ordinary shares of £0.00001 each in the capital of Mercia
("Ordinary shares") by a Director of the Company as follows:

·    Forward Nominees Limited, an entity closely associated with Ray
Chamberlain, a Non‐executive Director of the Company, has sold 1,563,813
Ordinary shares. The Shares were sold on 21 March 2024 at 32.50p per share by
non‐Chamberlain family shareholders. None of the shares sold were held
personally by Ray Chamberlain.

Following the above transactions, Ray Chamberlain is beneficially interested
in the following number of Ordinary shares:

 Director/PDMR    Number of Ordinary Shares  Percentage of Ordinary shares with voting rights
 Ray Chamberlain  63,630,953                 14.56%

 

The notifications below are made in accordance with the requirements of the
Market Abuse Regulation.

 

 1     Details of the persons discharging managerial responsibilities/person closely
       associated
 a)    Name                                                           Ray Chamberlain/Forward Nominees Limited
 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    Ordinary shares of £0.00001 each 

                                                                       

       Identification code                                             

                                                                      ISIN: GB00BSL71W47
 b)    Nature of the transaction                                      Sale of 1,563,813 shares

 c)    Price(s) and volume(s)                                         Price(s)                    No. of shares
       32.50p per share                                                                           1,563,813
                                                                       
 d)    Aggregated information                                         N/A - single transaction

       - Aggregated volume

       - Price

       - Aggregated total
 e)    Date of the transaction                                        21 March 2024
 f)    Place of the transaction                                       AIM (AIMX)

 

 

- 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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