REG - Mercia Asset Mgt PLC - Directorate change

Mercia Asset ManagementAnnouncement

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RNS Number : 4632L  Mercia Asset Management PLC  15 December 2025

 RNS  15 December 2025

 

Mercia Asset Management PLC

 

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

 

Directorate change

 

 

Mercia Asset Management PLC (AIM: MERC), the regionally focused, private
capital asset manager with c.£2.0billion of assets under management, is
pleased to announce the appointment of Penny Freer as a Non-executive Director
of the Company with effect from today.

 

Chair of AP Ventures LLP, Penny is also a Non-executive Director of FTSE 100
company The Weir Group PLC and Chair of The Henderson Smaller Companies
Investment Trust plc. Penny has previously held a number of Non-executive
Director roles in both public and private companies, including as Chair of
Crown Place VCT Plc and Senior Independent Director and Chair of the
Remuneration Committee at Advanced Medical Solutions Group PLC.

 

Ian Metcalfe OBE, DL, Non-executive Chair of Mercia said:

"We are delighted to welcome Penny to the Board as a Non-executive Director.
Penny is an extremely experienced Non-executive Director and chair of
remuneration committees, with deep experience of the fund management sector.
Penny's appointment completes the current evolution of the Board, and I look
forward to working with my fellow Board colleagues as we remain focused on the
Mercia '27 strategic objectives."

 

Pursuant to Schedule 2(g) of the AIM Rules for Companies, Penelope Anne Freer
(aged 65) has held the following directorships and partnerships in the last
five years:

 

Current directorships

 

·       AP Ventures LLP

·       Capital Markets Strategy Limited

·       Cobweb Cyber Limited

·       Pure Milk Vodka Ltd

·       The Henderson Smaller Companies Investment Trust PLC

·       Weir Group PLC (The)

·       81 Alderney Street Residents Association Limited

 

Former directorships

 

·       Crown Place VCT PLC (name changed to Albion Crown VCT PLC)

·       Advanced Medical Solutions Group PLC

·       Empresaria Group PLC

·       London Bridge Capital Partners LLP

 

Penny Freer was appointed a Director of Peacock Blue Limited ("Peacock Blue")
on 18 August 2005. At the time of appointment, Peacock Blue was subject to a
company voluntary agreement as agreed with creditors. On 17 January 2007
administrators were appointed to Peacock Blue. On 13 August 2007 Peacock Blue
moved from administration to a creditors' voluntary liquidation, and on 6
November 2010 Peacock Blue was dissolved.

 

Penny Freer does not hold any shares in the Company.

 

There is no further information required to be disclosed in respect of the
above appointment pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for
Companies.

 

 

- Ends -

 

For further information, please contact:

 

Mercia Asset Management PLC

Mark Payton, Chief Executive Officer

Martin Glanfield, Chief Financial Officer

www.mercia.co.uk (http://www.mercia.co.uk)
 
                   +44 (0)330 223 1430

 

Canaccord Genuity Limited (NOMAD and Joint Broker)

Simon Bridges, Andrew Potts, Harry Rees, Harry Gooden
           +44 (0)20 7523 8000

 

Singer Capital Markets (Joint Broker)

Charles Leigh-Pemberton
                                                +44
(0)20 7496 3000

 

FTI Consulting

Tom Blackwell, Thomas Lodge
                                         +44 (0)20 3727
1051

mercia@fticonsulting.com

 

About Mercia Asset Management PLC

Mercia is a private capital asset manager focused on supporting regional SMEs
to achieve their growth aspirations. Mercia provides capital across its four
asset classes of venture, debt, private equity and proprietary capital: the
Group's 'Complete Connected Capital'.

 

The Group has a strong UK footprint through its 11 regional offices, extensive
local adviser and personal networks, and university partnerships, 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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