AGM Statement

RNS Number : 3648N

Mercia Asset Management PLC

24 September 2019

 

For Immediate Release

24 September 2019

Mercia Asset Management PLC

("Mercia") 

AGM Statement

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager, is today holding its Annual General Meeting. The Non-executive Chair, Ian Metcalfe, will make the following remarks at the meeting:

"Since our March year end Mercia has continued to focus on the development of the direct investment portfolio as well as seeking to expand its successful fund management operations.

We look forward to updating shareholders on further positive progress by both pillars of Mercia's value creation strategy throughout the year."

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	[phone]
Simon Bridges, David Tyrrell (NOMAD and Broker)
Buchanan	[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 over £500million of assets under management and, since its IPO in December 2014, has invested over £84million across its direct investment portfolio.

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

 

END

 

 

AGMLLFVRAAIVFIA