Director/PDMR Dealings

Mercia Asset Management PLC

31 July 2024

 

                                                                                                                                                                       31 July 2024     

Mercia Asset Management PLC

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

Director/PDMR Dealings

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist alternative asset manager with over £1.8billion 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 145,840 Ordinary Shares. These shares were bought at 34.20p, 34.90p and 34.96p per share.

·    Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 119,223 Ordinary Shares. These shares were bought at 34.50p per share.

·    Julian Viggars, Director and Chief Investment Officer of the Company, became beneficially interested in a further 100,000 Ordinary Shares. These shares were bought at 34.80p and 34.888p per share.

The personal share purchases by Messrs Payton, Glanfield and Viggars (365,063 shares in total) are the re-investment of part of their 2023/24 net bonuses, and the shares will be held for a minimum period of one year.

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

Director/PDMR	Number of Ordinary Shares	Percentage of issued and voting Ordinary share capital
Mark Payton*	7,330,716	1.70%
Martin Glanfield**	1,864,170	0.43%
Julian Viggars***	1,078,640	0.25%

*     Including 12,793 Ordinary Shares held by Katharine Yeo

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

*** Including 84,064 Ordinary Shares held by 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	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 145,840 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 34.2000 42,806 34.9000 102,772 34.9600 262
d)	Aggregated information - Aggregated volume - Price	145,840 34.6900
e)	Date of the transaction	29 July 2024, 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 119,223 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 34.5000 119,223
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	30 July 2024, 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 100,000 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 34.8000 34.8880 50,000 50,000
d)	Aggregated information - Aggregated volume - Price	100,000 34.8440
e)	Date of the transaction	29 July 2024, 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
Singer Capital Markets (Joint Broker)	[phone]
Charles Leigh-Pemberton
FTI Consulting	[phone]
Tom Blackwell, Jenny Boyd
[e-mail]

About Mercia Asset Management PLC

Mercia is a proactive, specialist alternative asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of venture, debt, private equity and proprietary capital: the Group's 'Complete Connected Capital'.

The Group has a strong UK footprint through its regional offices, university partnerships and extensive personal networks, providing it with access to high-quality deal flow.

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

 

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