Notice of Results

RNS Number : 6652N

Mercia Technologies PLC

28 October 2016

 

28 October 2016

Mercia Technologies PLC

Notice of Results

Mercia Technologies PLC (AIM: MERC), which is focused on the creation, funding and scaling of innovative technology businesses with high growth potential from the UK regions, will publish its half year results for the six months ended 30 September 2016 on Thursday, 10 November 2016.

For further information, please contact:

Mercia Technologies PLC Mark Payton, Chief Executive Officer Martin Glanfield, Chief Financial Officer www.merciatechnologies.com	[phone]
Cenkos Securities plc Ivonne Cantu / Mark Connelly (NOMAD)	[phone]
Buchanan Sophie McNulty, Victoria Hayns, Steph Watson www.buchanan.uk.com	[phone]

About Mercia Technologies PLC

Mercia is a national investment group focused on the creation, funding and scaling of innovative businesses with high growth potential from the UK regions. Mercia employs 60 people across six offices and it has one of the largest university networks in the UK with 18 university partnerships across the Midlands, the North of England and Scotland. These partnerships provide access to high quality, regional deal flow which accounts for approximately one third of Mercia's investments.

Mercia's 'Complete Capital Solution' enables it to scale businesses via its third party funds (with more than £220.0million under management) and then over time Mercia identifies its 'Emerging Stars' to which it can provide further capital using its own balance sheet.

Mercia focuses on sourcing and scaling businesses across four sectors: Software & the Internet; Digital & Digital Entertainment; Electronics, Materials & Manufacturing/Engineering and Life Sciences & Biosciences

In a recent report (Source: Beauhurst, The Deal, 2015/16), Mercia was found to be the fifth most active investor in the UK and the fourth most active in technology.  Since its IPO in December 2014, the Company continues to seek early stage third party investment opportunities and it has directly invested over £24.0million across its portfolio of 'Emerging Stars'. In addition to providing its direct investments with the required capital, Mercia also supports the management teams to build towards exits that will realise incremental value for Mercia shareholders over the medium term.

The Mercia Group comprises Mercia Technologies PLC, Mercia Fund Management Ltd and Enterprise Ventures Group Ltd. Mercia is quoted on AIM with the epic "MERC".

 

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