Director/PDMR Dealings

RNS Number : 2410R

Mercia Asset Management PLC

04 March 2021

 

RNS	4 March 2021

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 with c.£872million of assets under management, announces that it has received notifications 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:

· Diane Seymour-Williams, a Non-executive Director of the Company, has become beneficially interested in 250,000 Ordinary Shares. The Shares were bought by her on 3 March 2021 at 29.75p per share.

· Forward Nominees Limited, an entity closely associated with Ray Chamberlain, a Non-executive Director of the Company, has sold 830,000 Ordinary Shares. The Shares were sold on 3 March 2021 at 30.00p per share by non-Chamberlain family shareholders. None of the shares sold were held personally by Ray Chamberlain.

Following the above transactions, Diane Seymour-Williams and Ray Chamberlain are beneficially interested in the following number of Ordinary Shares:

Director/PDMR	Number of Ordinary Shares	Percentage of issued Ordinary share capital
Diane Seymour-Williams	250,000	0.06%
Ray Chamberlain	65,194,766	14.81%

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	Diane Seymour-Williams
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 250,000 shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 29.75p per share 250,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	3 March 2021, UK
f)	Place of the transaction	AIM (AIMX)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ray Chamberlain/Forward Nominees Limited
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	Sale of 830,000 shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 30.00p per share 830,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	3 March 2021, 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.£872million of assets under management and, since its IPO in December 2014, has invested c.£106million gross into its direct investment portfolio.

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

 

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