Director/PDMR Dealings

RNS Number : 8210X

Mercia Asset Management PLC

23 December 2019

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF IRELAND, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

23 December 2019

Mercia Asset Management PLC

("Mercia" or the "Company")

Director/PDMR Dealings

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager, announces that, further to the announcement made on 3 December 2019 regarding the proposed Placing and Acquisition, the following Directors and PDMRs subscribed for Ordinary Shares pursuant to the Placing as outlined below:

Director	No. of Ordinary Shares subscribed for pursuant to the Placing	Resulting holding of Ordinary Shares	% of Enlarged Share Capital following the Placing and Acquisition
Ian Metcalfe	60,000	192,609	0.04%
Dr Mark Payton	100,000	6,799,653	1.54%
Martin Glanfield*	200,000	543,369	0.12%
Julian Viggars*	100,000	582,325	0.13%
Ray Chamberlain	4,000,000	64,824,766	14.73%
Caroline Plumb OBE	40,000	40,000	0.01%
Peter Dines**	100,000	186,551	0.04%
Total	4,600,000	73,169,273	16.61%

*To be held via a SIPP

** A PDMR and non-Board Director

The definitions referenced in this announcement remain in line with those from the announcement published at 7.01 a.m. (UK) on 3 December 2019, unless otherwise stated.

For further information, please contact:

Mercia Asset Management PLC	[phone]
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer
www.mercia.co.uk
Canaccord Genuity Limited (NOMAD, Joint Bookrunner and Joint Broker)	[phone]
Simon Bridges, David Tyrrell, Richard Andrews
N+1 Singer (Joint Bookrunner and Joint Broker)
Harry Gooden, Peter Steel, James Moat	[phone]
Buchanan Communications	[phone]
Chris Lane, Vicky Hayns, Stephanie Watson
www.buchanan.uk.com

About Mercia Asset Management PLC:

Mercia is a proactive, specialist asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of balance sheet, venture, private equity and debt capital; the Group's 'Complete Capital Solution'. The Group initially nurtures businesses via its third-party funds under management, then over time Mercia can provide further funding to the most promising companies, by deploying direct investment follow-on capital from its own balance sheet.

The Group has a strong UK regional footprint through its eight offices, 19 university partnerships and extensive personal networks, providing it with access to high-quality deal flow. Mercia has c.£500million of assets under management and, since its IPO in December 2014, has invested over £90million across its direct investment portfolio.

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ian Metcalfe
2	Reason for the notification
a)	Position/status	Non-executive Chair
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	Ordinary Shares of 0.001 pence each
	Identification code	ISIN: GB00BSL71W47
b)	Nature of the transaction	Purchase of 60,000 Ordinary Shares, via the Placing
c)	Price(s) and volume(s)	N/A - single transaction
d)	Aggregated information
	- Aggregated volume - Price - Total	60,000 25p £15,000.00
e)	Date of the transaction	23 December 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Dr Mark Payton
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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	Ordinary Shares of 0.001 pence each
	Identification code	ISIN: GB00BSL71W47
b)	Nature of the transaction	Purchase of 100,000 Ordinary Shares, via the Placing
c)	Price(s) and volume(s)	N/A - single transaction
d)	Aggregated information
	- Aggregated volume - Price - Total	100,000 25p £25,000.00
e)	Date of the transaction	23 December 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Martin Glanfield
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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	Ordinary Shares of 0.001 pence each
	Identification code	ISIN: GB00BSL71W47
b)	Nature of the transaction	Purchase of 200,000 Ordinary Shares, via the Placing
c)	Price(s) and volume(s)	N/A - single transaction
d)	Aggregated information
	- Aggregated volume - Price - Total	200,000 25p £50,000.00
e)	Date of the transaction	23 December 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Julian Viggars
2	Reason for the notification
a)	Position/status	Chief Investment Officer
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	Ordinary Shares of 0.001 pence each
	Identification code	ISIN: GB00BSL71W47
b)	Nature of the transaction	Purchase of 100,000 Ordinary Shares, via the Placing
c)	Price(s) and volume(s)	N/A - single transaction
d)	Aggregated information
	- Aggregated volume - Price - Total	100,000 25p £25,000.00
e)	Date of the transaction	23 December 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ray Chamberlain
2	Reason for the notification
a)	Position/status	Non-executive Director
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	Ordinary Shares of 0.001 pence each
	Identification code	ISIN: GB00BSL71W47
b)	Nature of the transaction	Purchase of 4,000,000 Ordinary Shares, via the Placing
c)	Price(s) and volume(s)	N/A - single transaction
d)	Aggregated information
	- Aggregated volume - Price - Total	4,000,000 25p £1,000,000.00
e)	Date of the transaction	23 December 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Caroline Plumb OBE
2	Reason for the notification
a)	Position/status	Non-executive Director
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	Ordinary Shares of 0.001 pence each
	Identification code	ISIN: GB00BSL71W47
b)	Nature of the transaction	Purchase of 40,000 Ordinary Shares, via the Placing
c)	Price(s) and volume(s)	N/A - single transaction
d)	Aggregated information
	- Aggregated volume - Price - Total	40,000 25p £10,000.00
e)	Date of the transaction	23 December 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Peter Dines
2	Reason for the notification
a)	Position/status	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	Ordinary Shares of 0.001 pence each
	Identification code	ISIN: GB00BSL71W47
b)	Nature of the transaction	Purchase of 100,000 Ordinary Shares, via the Placing
c)	Price(s) and volume(s)	N/A - single transaction
d)	Aggregated information
	- Aggregated volume - Price - Total	100,000 25p £25,000.00
e)	Date of the transaction	23 December 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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