Director/PDMR Dealings

RNS Number : 6979R

Mercia Asset Management PLC

07 July 2022

 

RNS	7 July 2022

Mercia Asset Management PLC

("Mercia", the "Group" or the "Company")

Director/PDMR Dealings

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£959million of assets under management, announces that it has received notifications of the following transactions relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary Shares") by Directors and PDMRs of the Company as follows:

· Ian Metcalfe, Non-Executive Chair of the Company, became beneficially interested in a further 65,100 Ordinary Shares. The shares were bought yesterday at 30.25p per share.

· Mark Payton, Director and Chief Executive Officer of the Company, became beneficially interested in a further 163,272 Ordinary Shares. These shares were bought yesterday at 29.90p, 30.00p and 29.99p per share.

· Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 132,231 Ordinary Shares. These shares were bought yesterday at 30.25p per share.

· Julian Viggars, Director and Chief Investment Officer of the Company, became beneficially interested in a further 132,255 Ordinary Shares. These shares were bought yesterday at 30.00p per share.

· Peter Dines, PDMR and Chief Operating Officer of the Company, became beneficially interested in a further 659,000 Ordinary Shares. These shares were bought yesterday at 30.25p per share.

The personal share purchases by Messrs Payton, Glanfield, Viggars and Dines (123,206 shares) are the re-investment of part of their 2021/22 net bonuses, and the shares will be held for a minimum period of one year.

Following the above transactions, Messrs Metcalfe, Payton, Glanfield, Viggars and Dines are beneficially interested in the following number of Ordinary Shares:

Director/PDMR	Number of Ordinary Shares	Percentage of issued Ordinary share capital
Ian Metcalfe	357,709	0.08%
Mark Payton*	7,184,876	1.63%
Martin Glanfield**	1,599,118	0.36%
Julian Viggars***	978,640	0.22%
Peter Dines	1,078,389	0.25%

*  Including 12,793 Ordinary shares held by Katharine Yeo

**   Including 165,254 Ordinary shares held by Bryonie Glanfield

*** Including 84,064 Ordinary shares held by Emma Viggars

The notifications below are made in accordance with the requirements of the Market Abuse Regulations.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Metcalfe
2	Reason for the notification
a)	Position / status	Director (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 Identification code	Ordinary shares of £0.00001 each ISIN: GB00BSL71W47
b)	Nature of the transaction	Acquisition of 65,100 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 30.2500 per share 65,100
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	6 July 2022, UK
f)	Place of the transaction	AIM (AIMX)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Payton
2	Reason for the notification
a)	Position / status	Director (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 Identification code	Ordinary shares of £0.00001 each ISIN: GB00BSL71W47
b)	Nature of the transaction	Acquisition of 163,272 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 29.8990 64,032 30.0000 92,860 29.9900 6,380
d)	Aggregated information - Aggregated volume - Price	163,272 29.9600
e)	Date of the transaction	6 July 2022, UK
f)	Place of the transaction	AIM (AIMX)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Glanfield
2	Reason for the notification
a)	Position / status	Director (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 Identification code	Ordinary shares of £0.00001 each ISIN: GB00BSL71W47
b)	Nature of the transaction	Acquisition of 132,231 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 30.2500 132,231
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	6 July 2022, UK
f)	Place of the transaction	AIM (AIMX)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julian Viggars
2	Reason for the notification
a)	Position / status	Director (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 Identification code	Ordinary shares of £0.00001 each ISIN: GB00BSL71W47
b)	Nature of the transaction	Acquisition of 132,255 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 30.0000 132,255
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	6 July 2022, UK
f)	Place of the transaction	AIM (AIMX)

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 Identification code	Ordinary shares of £0.00001 each ISIN: GB00BSL71W47
b)	Nature of the transaction	Acquisition of 659,000 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 30.2500 659,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	6 July 2022, UK
f)	Place of the transaction	AIM (AIMX)

-Ends-

For further information, please contact:

Mercia Asset Management PLC Mark Payton, Chief Executive Officer Martin Glanfield, Chief Financial Officer www.mercia.co.uk	[phone]
Canaccord Genuity Limited (NOMAD and Joint Broker)	[phone]
Simon Bridges, Andrew Potts
Singer Capital Markets (Joint Broker)	[phone]
Harry Gooden, James Moat
FTI Consulting	[phone]
Tom Blackwell, Immy Ransom
[e-mail]

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 venture, private equity, debt and proprietary capital: the Group's 'Complete Connected Capital'. 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 footprint through its regional offices, university partnerships and extensive personal networks, providing it with access to high-quality deal flow.

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

 

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