Transaction in Own Shares

Mercia Asset Management PLC

18 January 2024

 

RNS	18 January 2024

Mercia Asset Management PLC

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

Transaction in Own Shares

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£1.5billion of assets under management, announces that it has made the following purchases of Ordinary shares in the capital of the Company ("Ordinary shares") on the London Stock Exchange, pursuant to the Share Buyback Programme announced on 28 November 2023.

Date of purchase	17 January 2024
Number of Ordinary shares purchased (aggregated volume):	150,000
Highest price paid per Ordinary share (pence):	31.30
Lowest price paid per Ordinary share (pence):	31.10
Volume weighted average price paid per Ordinary share (pence):	31.19
Venue where Ordinary shares are traded	London Stock Exchange (AIM)

The Company will hold the repurchased shares in treasury. Following the purchase, the number of Ordinary shares in issue and admitted to trading on AIM will be 441,330,454 (excluding treasury shares), and the Company will hold 5,349,069 Ordinary shares in treasury.

This figure of 441,330,454 Ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Share Buyback Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Canaccord Genuity Limited on behalf of the Company.

Individual transactions:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Trading venue
30,000	31.30	10:18:13	London Stock Exchange (AIM)
70,000	31.20	15:17:12	London Stock Exchange (AIM)
50,000	31.10	15:56:53	London Stock Exchange (AIM)

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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, Emma Gabriel
Singer Capital Markets (Joint Broker)	[phone]
Harry Gooden, James Moat
FTI Consulting	[phone]
Tom Blackwell, Jenny Boyd
[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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