Director/PDMR Dealings

RNS Number : 8882H

Mercia Asset Management PLC

27 March 2020

 

For immediate release

27 March 2020

Mercia Asset Management PLC

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

Director/PDMR Dealings

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager, announces that it has received a notification of the following transaction relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary Shares") by a Director and PDMR of the Company as follows:

· Martin Glanfield, Chief Financial Officer of the Company, has become beneficially interested in a further 173,603 Ordinary Shares. The Ordinary Shares were bought on his behalf today at 14.4p per share by his SIPP.

Following the above transaction, Mr Glanfield is beneficially interested in the following number of Ordinary Shares:

Director/PDMR	Number of Ordinary Shares	Percentage of issued Ordinary share capital
Martin Glanfield	716,972	0.2%

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

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 173,603 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 14.4p per share 173,603
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	27 March 2020, UK
f)	Place of the transaction	AIM (AIMX)

For further information, please contact:

Mercia Asset Management PLC	[phone]
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer
www.mercia.co.uk
Canaccord Genuity Limited (NOMAD and Joint Broker)	[phone]
Simon Bridges, Richard Andrews
N+1 Singer ( Joint Broker )
Harry Gooden, James Moat	[phone]
Buchanan Communications	[phone]
Giles Stewart, Chris Lane, Vicky Hayns
www.buchanan.uk.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 balance sheet, venture, private equity and debt capital; the Group's 'Complete Capital Solution'. 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 regional footprint through its eight offices, 19 university partnerships and extensive personal networks, providing it with access to high-quality deal flow. Mercia has over £700million of assets under management and, since its IPO in December 2014, has invested over £90million across its direct investment portfolio.

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

 

END

 

 

DSHSEWFFWESSEED