Matt Mead joins as Chief Investment Officer

RNS Number : 0412O

Mercia Technologies PLC

26 May 2015

 



26 May 2015

Mercia Technologies PLC

Matt Mead joins as Chief Investment Officer of Mercia Technologies

Further to the announcement on 25 March 2015, Matt Mead has today taken up the role of Chief Investment Officer of Mercia Technologies PLC ("Mercia") and a Director of the Company.

In accordance with the FCA Disclosure and Transparency Rule 3.1.2 R, Matt notified Mercia on appointment that he holds 43,121 ordinary shares of 0.001p each (0.02%) in the capital of the company.

There are no other matters requiring disclosure under the AIM Rules.

Enquiries:

Mercia Technologies PLC (www.merciatechnologies.com)	[phone]
Mark Payton, Chief Executive Martin Glanfield, Chief Financial Officer
Cenkos Securities	[phone]
Ivonne Cantu (Nomad) / Mark Connelly
Instinctif Partners	[phone]
Kay Larsen / Chantal Woolcock

Note to editors

Mercia Technologies PLC

Mercia creates, funds and develops technology businesses nationally with an emphasis in the Midlands, the North and Scotland.  It brings technology transfer, company formation, incubation, commercialisation and investment to technology ventures. Approximately 50% of its investments derive from university spinouts. Mercia invests across key technology sectors in which it has deep sector expertise.

The Mercia model is one of patiently nurturing businesses through its third party funds under management, and then scaling them with direct investment at the point of commercial delivery. Through this, Mercia has a well seeded portfolio and pipeline of investments - its 'emerging stars'. The Group has a direct investment in 15 operating companies and access to a portfolio of 44 businesses through its third party funds, managed by its wholly owned subsidiary Mercia Fund Management.

Mercia's shares started trading on AIM on 18 December 2014. Since then Mercia has invested approximately £13m directly across its portfolio of emerging stars, which in themselves have attracted a total investment of over £70m alongside investment from the Group to date. In addition to its direct investments, Mercia (via Mercia Fund Management) has invested over £19m to build its portfolio of potential emerging stars.

 

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