Director/PDMR Dealings

RNS Number : 0714A

Mercia Asset Management PLC

25 September 2020

 

RNS	25 September 2020

Mercia Asset Management PLC

("Mercia" or the "Company")

Director/PDMR Dealings

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£800 million of assets under management, announces that it has received a notification of the following transactions relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary Shares") by Directors and PDMRs of the Company as follows:

· Ian Metcalfe, Non-Executive Chair of the Company, became beneficially interested in a further 50,000 Ordinary Shares. The Shares were bought yesterday at 20.00p per share.

· Ray Chamberlain, Non-Executive Director of the company, became beneficially interested in a further 1,200,000 Ordinary Shares. The Shares were bought by the Forward Innovation Fund yesterday at 20.00p per share.

· Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 171,495 Ordinary Shares. The Shares were bought on his behalf yesterday at 20.00p per share by his SIPP.

· Julian Viggars, Director and Chief Investment Officer of the Company, became beneficially interested in a further 52,910 Ordinary Shares. The Shares were bought on his behalf yesterday at 18.90p per share by his SIPP.

· Peter Dines, PDMR and Chief Operating Officer of the Company, became beneficially interested in a further 50,000 Ordinary Shares. The Shares were bought yesterday at 20.00p per share.

Following the above transactions, Messrs Metcalfe, Chamberlain, Glanfield, Viggars and Dines are beneficially interested in the following number of Ordinary Shares:

Director/PDMR	Number of Ordinary Shares	Percentage of issued Ordinary share capital
Ian Metcalfe	242,609	0.06
Ray Chamberlain	66,024,766	15.00
Martin Glanfield	1,044,305	0.24
Julian Viggars*	686,385	0.16
Peter Dines	288,499	0.07

*Including 75,000 Ordinary shares held by Mrs Emma Viggars

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Metcalfe
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)	LEI	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 Identification code	Ordinary shares of £0.00001 each ISIN: GB00BSL71W47
b)	Nature of the transaction	Acquisition of 50,000 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 20.00p per share 50,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	24 September 2020, UK
f)	Place of the transaction	AIM (AIMX)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ray Chamberlain
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)	LEI	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 Identification code	Ordinary shares of £0.00001 each ISIN: GB00BSL71W47
b)	Nature of the transaction	Acquisition of 1,200,000 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 20.00p per share 1,200,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	24 September 2020, UK
f)	Place of the transaction	AIM (AIMX)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Glanfield
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)	LEI	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 Identification code	Ordinary shares of £0.00001 each ISIN: GB00BSL71W47
b)	Nature of the transaction	Acquisition of 171,495 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 20.00p per share 171,495
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	24 September 2020, UK
f)	Place of the transaction	AIM (AIMX)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julian Viggars
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)	LEI	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 Identification code	Ordinary shares of £0.00001 each ISIN: GB00BSL71W47
b)	Nature of the transaction	Acquisition of 52,910 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 18.90p per share 52,910
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	24 September 2020, UK
f)	Place of the transaction	AIM (AIMX)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Dines
2	Reason for the notification
a)	Position / status	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)	LEI	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 Identification code	Ordinary shares of £0.00001 each ISIN: GB00BSL71W47
b)	Nature of the transaction	Acquisition of 50,000 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 20.00p per share 50,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	24 September 2020, UK
f)	Place of the transaction	AIM (AIMX)

For further information, please contact:

Mercia Asset Management PLC Mark Payton, Chief Executive Officer Martin Glanfield, Chief Financial Officer www.mercia.co.uk	[phone]
Canaccord Genuity Limited (NOMAD and Joint Broker)	[phone]
Simon Bridges, Emma Gabriel, Richard Andrews
N+1 Singer (Joint Broker)	[phone]
Harry Gooden, James Moat
FTI Consulting	[phone]
Tom Blackwell, Louisa Feltes, Shiv Talwar
[e-mail]

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 balance sheet, venture, private equity and debt 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, 19 university partnerships and extensive personal networks, providing it with access to high-quality deal flow. Mercia currently has c.£800million of assets under management and, since its IPO in December 2014, has invested over £96million into its direct investment portfolio.

Mercia Asset Management PLC is quoted on AIM with the epic "MERC".

 

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