Director/PDMR Dealings

RNS Number : 5356X

Mercia Asset Management PLC

05 January 2022

 

RNS	5 January 2022

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.£948million 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:

· Mark Payton, Director and Chief Executive Officer of the Company, became beneficially interested in a further 12,793 Ordinary Shares. These shares were bought today at 38.10p per share by his spouse.

· Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 39,470 Ordinary Shares. The shares were bought today at 38.00p per share by his SIPP.

Following the above transactions, Messrs Payton and Glanfield are beneficially interested in the following number of Ordinary Shares:

Director/PDMR	Number of Ordinary Shares	Percentage of issued Ordinary share capital
Mark Payton*	7,021,604	1.60
Martin Glanfield**	1,466,887	0.33

*Including 12,793 Ordinary shares held by Katharine Yeo

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

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	Katharine Yeo
2	Reason for the notification
a)	Position / status	Person closely associated with Mark Payton, chief executive officer of Mercia Asset Management PLC
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 12,793 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 38.10 12,793
d)	Aggregated information - Aggregated volume - Price	12,793 38.10
e)	Date of the transaction	5 January 2022, 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 39,470 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 38.00 39,470
d)	Aggregated information - Aggregated volume - Price	39,470 38.00
e)	Date of the transaction	5 January 2022, 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, Andrew Potts
Singer Capital Markets (Joint Broker)	[phone]
Harry Gooden, James Moat
FTI Consulting	[phone]
Tom Blackwell, Louisa Feltes, Immy Ransom
[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 venture, private equity, debt and proprietary 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.£948million of assets under management and, since its IPO in December 2014, has invested c.£116million gross into its direct investment portfolio.

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

 

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