Publication of Annual Report

RNS Number : 6383U

Mercia Technologies PLC

31 July 2015

 



31 July 2015

Mercia Technologies PLC

Publication of Annual Report

Mercia Technologies PLC (AIM: MERC, 'Mercia' or 'the Group'), a Midlands-based investment group, building, funding and commercialising technology businesses across the UK, announces that the Annual Report and Accounts for the period ended 31 March 2015 will be available today on the Company's website at http://www.merciatechnologies.com/. Copies of the document are being posted to shareholders today.

 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 / Lauren Foster

Note to editors

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 tax efficient third party funds under management, and then scaling them with direct investment at the point of commercial traction. Through this, Mercia has a well seeded portfolio and pipeline of investments - its 'emerging stars'. Currently, the Group has a direct investment in 18 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 and since then up until 31 March 2015, Mercia has invested approximately £12m 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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