Grant Options & PDMR Dealings

RNS Number : 9442L

Mercia Technologies PLC

25 July 2017

 

For immediate release

25 July 2017

Mercia Technologies PLC

("Mercia" or the "Company")

Grant of Options and dealings by Persons Discharging Managerial Responsibilities ("PDMRs")

Mercia Technologies PLC (AIM: MERC), the national investment group focused on the creation/identification, funding and scaling of innovative technology businesses with high growth potential from the UK regions, announces that options (the "Options") over a total of 2,155,000 new Ordinary shares with a nominal value of 0.001p pence each in the capital of the Company ("Ordinary Shares") were awarded yesterday pursuant to the 2014 Mercia Company Share Option Plan at an exercise price of 36.00p per Ordinary Share (being the closing mid-market price of an Ordinary Share on 24 July 2017). The Options will, subject to the satisfaction of the performance condition, vest in three equal tranches on the third, fourth and fifth anniversary of the date of grant of the Options.

The Options represent, in aggregate, 0.72% of the existing Ordinary share capital of the Company and have been issued to a number of employees of the Company, including all four Executive Directors and two further PDMRs. 

Following the grant of these Options, the PDMRs hold the following Ordinary Shares and options:

PDMR	New Options	Total number of options	Interest in existing issued Ordinary Shares
Dr. Mark Payton*	400,000	1,800,000	6,655,472
Martin Glanfield*	400,000	1,800,000	293,369
Matt Mead*	400,000	1,800,000	75,730
Jonathan Diggines*	400,000	800,000	857,919**
Julian Viggars	100,000	400,000	193,321***
John Simpson	50,000	250,000	273,680

* Executive Directors

**Including 401,786 Ordinary Shares held by Mrs Susan Diggines

***Including 75,000 Ordinary Shares held by Mrs Emma Viggars

Following these grants, the Company has a total of 11,394,000 unvested options pursuant to the 2014 Mercia Company Share Option Plan, equating to approximately 3.79% of the existing issued Ordinary share capital of the Company.

For further information, please contact:

Mercia Technologies PLC Mark Payton, Chief Executive Officer Martin Glanfield, Chief Financial Officer www.merciatech.co.uk	[phone]
Cenkos Securities plc Ivonne Cantu / Mark Connelly (NOMAD)	[phone]
Buchanan Bobby Morse / Victoria Hayns / Stephanie Watson www.buchanan.uk.com	[phone]

About Mercia Technologies PLC

Mercia is a national investment group focused on the creation/identification, funding and scaling of innovative businesses with high growth potential from the UK regions. Mercia benefits from 18 university partnerships and offices across the Midlands, the North of England and Scotland providing it with access to high quality, regional deal flow. Mercia Technologies PLC is quoted on AIM with the epic "MERC".

Mercia's 'Complete Capital Solution' initially nurtures businesses via its third party funds (now with more than £336.5million under management following the latest mandate wins) and then over time Mercia can provide further funding to its 'Emerging Stars' by deploying direct investment follow-on capital from its own balance sheet. Since its IPO in December 2014, Mercia has invested over £41.0million directly across its portfolio of 'Emerging Stars'.

 

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