REG - Mercia Asset Mgt PLC - Transaction in Own Shares

Mercia Asset ManagementAnnouncement

15/04/2024 09:15

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RNS Number : 6110K  Mercia Asset Management PLC  15 April 2024

 RNS   15 April 2024

 

Mercia Asset Management PLC

 

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

 

Transaction in Own Shares

 

 

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused
specialist asset manager with c.£1.5 billion of assets under
management, announces that it has made the following purchases of Ordinary
shares in the capital of the Company ("Ordinary shares") on the London Stock
Exchange, pursuant to the Share Buyback Programme announced on 28 November
2023.

 

 Date of purchase                                                12 April 2024
 Number of Ordinary shares purchased (aggregated volume):        175,000
 Highest price paid per Ordinary share (pence):                  35.50
 Lowest price paid per Ordinary share (pence):                   35.50
 Volume weighted average price paid per Ordinary share (pence):  35.50
 Venue where Ordinary shares are traded                          London Stock Exchange (AIM)

The Company will hold the repurchased shares in treasury. Following the
purchase, the number of Ordinary shares in issue and admitted to trading on
AIM will be 434,747,111 (excluding treasury shares), and the Company will hold
11,932,412 Ordinary shares in treasury.

 

This figure of 434,747,111 Ordinary shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

 

The Company will make further announcements in due course following the
completion of any further purchases pursuant to the Share Buyback Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), the schedule below contains detailed information about the
purchases made by Singer Capital Markets on behalf of the Company.

 

Individual transactions:

 Number of shares purchased  Transaction price (pence per share)  Time of transaction  Trading venue
 175,000                     35.50                                08:27:06             London Stock Exchange

                                                                                       (AIM)

 

- 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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