Director/PDMR Dealings

RNS Number : 6661E

Mercia Asset Management PLC

08 July 2021

 

RNS	8 July 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.£940million 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:

· Ian Metcalfe, Non-Executive Chair of the Company, became beneficially interested in a further 50,000 Ordinary Shares. The shares were bought at 39.40p per share.

· Mark Payton, Director and Chief Executive Officer of the Company, became beneficially interested in a further 157,445 Ordinary Shares. These shares were bought yesterday at 38.49p, 38.42p and 37.89p per share.

· Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 383,112 Ordinary Shares. 128,299 shares were bought yesterday at 39.75p per share. 129,029 shares were bought on his behalf yesterday at 38.75p per share by his SIPP. 125,784 shares were bought yesterday by his spouse at 39.75p per share.

· Julian Viggars, Director and Chief Investment Officer of the Company, became beneficially interested in a further 160,000 Ordinary Shares. 135,436 shares were bought yesterday at 38.00p, 37.70p and 38.90p per share. 15,500 shares were bought on his behalf yesterday at 38.00p per share by his SIPP. 9,064 shares were bought yesterday by his spouse at 38.80p per share.

· Peter Dines, PDMR and Chief Operating Officer of the Company, became beneficially interested in a further 130,890 Ordinary Shares. These shares were bought yesterday at 39.00 per share.

The personal share purchases by Messrs Payton, Glanfield, Viggars and Dines are the re-investment of approximately half of their 2020/21 net bonuses and the shares will be held for a minimum period of one year.

Following the above transactions, Messrs Metcalfe, 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	292,609	0.10
Mark Payton	7,008,811	1.59
Martin Glanfield*	1,427,417	0.32
Julian Viggars**	846,385	0.19
Peter Dines	419,389	0.10

*Including 125,784 Ordinary shares held by Mrs Bryonie Glanfield

**Including 84,064 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) 39.4000 per share 50,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	8 July 2021, UK
f)	Place of the transaction	AIM (AIMX)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Payton
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 157,445 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 38.4862 52,580 38.4180 26,280 37.8900 26,280 37.8900 52,305
d)	Aggregated information - Aggregated volume - Price	157,445 38.1772
e)	Date of the transaction	7 July 2021, 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 383,112 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 39.7500 128,299 39.7500 125,784 38.7500 129,029
d)	Aggregated information - Aggregated volume - Price	383,112 39.4132
e)	Date of the transaction	7 July 2021, 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 160,000 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 38.0000 117,500 37.7000 7,936 38.9000 10,000 38.8000 9,064 38.0000 15,500
d)	Aggregated information - Aggregated volume - Price	160,000 38.0867
e)	Date of the transaction	7 July 2021, 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 130,890 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 39.0000 130,890
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	7 July 2021, UK
f)	Place of the transaction	AIM (AIMX)

  -Ends-

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
N+1 Singer (Joint Broker)
Harry Gooden, James Moat	[phone]
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.£940million of assets under management and, since its IPO in December 2014, has invested c.£111million gross into its direct investment portfolio.

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

 

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