REG - Mercia Asset Mgt PLC - Mercia Northern VCTs reopen with larger offers

Mercia Asset ManagementAnnouncement

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RNS Number : 5433M  Mercia Asset Management PLC  23 December 2025

RNS
 
                                23 December
2025

Mercia Asset Management PLC

 

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

 

Mercia managed Northern VCTs announce re-opening and increase in size of
offers for subscription

 

Mercia Asset Management PLC (AIM: MERC), the regionally focused, private
capital asset manager with c.£2.0billion of assets under management ("AuM"),
is pleased to note that the three Mercia managed Northern Venture Capital
Trusts ("Northern VCTs"), which form part of Mercia's AuM, announced on 8
December 2025 their intention to increase their 2025/26 offers for
subscription by a further £10.0million each (£30.0million in total).

 

The combined offers for subscription now total £80.0million, with each
Northern VCT issuing a supplementary prospectus on 18 December 2025.

 

The Northern VCTs comprise Northern Venture Trust PLC (NVT), Northern 2 VCT
PLC (NTV) and Northern 3 VCT PLC (NTG).

 

Mark Payton, Chief Executive Officer of Mercia, commented:

 

"We are pleased by the current strong progress of the Northern VCTs'
fundraises and are grateful for the continued support of the Northern VCTs'
shareholders, in what is a competitive VCT fundraising environment. The
proceeds raised from the increased offers for subscription will be used to
continue to back growth businesses across the UK, in line with each Northern
VCT's investment mandate, and make use of the larger investment limits
announced in the UK Budget on 26 November 2025."

 

-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, Andrew Potts, Harry Rees

 Singer Capital Markets (Joint Broker)                       +44 (0)20 7496 3000
 Charles Leigh-Pemberton

 FTI Consulting                                              +44 (0)20 3727 1051
 Tom Blackwell, Thomas Lodge
 mercia@fticonsulting.com (mailto: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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