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Mercia Technologies (MERC)

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Friday 15 March, 2019

Mercia Technologies

PDMR / Director Dealings

RNS Number : 0605T
Mercia Technologies PLC
15 March 2019
 

RNS

15 March 2019

 

Mercia Technologies PLC

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

PDMR / Director Dealings

 

Mercia Technologies PLC (AIM: MERC), the national investment group focused on the identification, creation, funding and scaling of innovative technology businesses with high growth potential from the UK regions, announces that it has received a notification of the following transaction relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary Shares") by a Director.

Susan Searle, the Non-executive Chair of the Company, sold 50,000 Ordinary Shares at 37.6p per share and a corresponding number of Ordinary Shares were bought at 38.1p per share by her ISA. Following this transaction Susan Searle and her spouse continue to hold 1,097,388 Ordinary Shares in aggregate, equivalent to 0.36 per cent. of the Company's issued Ordinary share capital.[1]
 

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

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Susan Searle

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 Technologies 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

 

Sale of 50,000 Ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

37.6p per share

50,000

 

d)

Aggregated information

- Aggregated volume

- Price

 

N/A - single transaction

e)

Date of the transaction

15 March 2019

f)

Place of the transaction

AIM (AIMX)

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Susan Searle

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 Technologies 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

 

 Purchase of 50,000 Ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

38.1p per share

50,000

 

d)

Aggregated information

- Aggregated volume

- Price

 

N/A - single transaction

e)

Date of the transaction

15 March 2019

f)

Place of the transaction

AIM (AIMX)

 

For further information, please contact:

 

Mercia Technologies PLC

+44 (0)330 223 1430

Mark Payton, Chief Executive Officer

 

Martin Glanfield, Chief Financial Officer

 

www.merciatech.co.uk   

 

 

 

Canaccord Genuity Limited

+44 (0)20 7523 8000

Simon Bridges, Emma Gabriel (NOMAD and Broker)

 

 

 

Buchanan

+44 (0)20 7466 5000

Chris Lane, Vicky Hayns, Stephanie Watson, Catriona Flint

 

www.buchanan.uk.com

 

 

About Mercia Technologies PLC

 

Mercia is a national investment group focused on the funding and scaling of innovative technology businesses with high growth potential from the UK regions. The Group benefits from 19 university partnerships and offices across the Midlands, the North of England and Scotland providing it with access to high quality, regional deal flow. Mercia Technologies PLC is quoted on AIM with the epic "MERC".

Mercia's 'Complete Capital Solution' initially nurtures businesses via its third-party funds and 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. Mercia has c.£500million of assets under management and, since its IPO in December 2014, has invested over £74million across its direct investment portfolio.

 

 

 

[1] Susan Searle has an interest in 977,388 Ordinary Shares, equivalent to 0.32 per cent. of the Company's issued Ordinary share capital and Fraser Searle has an interest in 120,000 Ordinary Shares, equivalent to 0.04 per cent. of the Company's issued Ordinary share capital.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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