Director/PDMR Dealings

RNS Number : 5356X
Mercia Asset Management PLC
05 January 2022
 

RNS

5 January 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.£948million 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:

 

· Mark Payton, Director and Chief Executive Officer of the Company, became beneficially interested in a further 12,793 Ordinary Shares. These shares were bought today at 38.10p per share by his spouse.

 

· Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 39,470 Ordinary Shares. The shares were bought today at 38.00p per share by his SIPP.

 

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

Director/PDMR

Number of Ordinary Shares

Percentage of issued Ordinary share capital

Mark Payton*

7,021,604

1.60

Martin Glanfield**

1,466,887

0.33

*Including 12,793 Ordinary shares held by Katharine Yeo

**Including 125,784 Ordinary shares held by Bryonie Glanfield

 

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

Katharine Yeo

2

Reason for the notification

a)

Position / status

Person closely associated with Mark Payton, chief executive officer of Mercia Asset Management PLC

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 12,793 Ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

38.10

12,793

d)

Aggregated information

- Aggregated volume

- Price

 

12,793

38.10

e)

Date of the transaction

5 January 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 39,470 Ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

38.00

39,470

d)

Aggregated information

- Aggregated volume

- Price

 

39,470

38.00

e)

Date of the transaction

5 January 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  

 

+44 (0)330 223 1430

 

Canaccord Genuity Limited (NOMAD and Joint Broker)

+44 (0)20 7523 8000

Simon Bridges, Andrew Potts




Singer Capital Markets (Joint Broker)

+44 (0)20 7496 3000

Harry Gooden, James Moat




FTI Consulting

+44 (0)20 3727 1051

Tom Blackwell, Louisa Feltes, Immy Ransom


mercia@fticonsulting.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 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, 19 university partnerships and extensive personal networks, providing it with access to high-quality deal flow. Mercia currently has c.£948million of assets under management and, since its IPO in December 2014, has invested c.£116million gross into its direct investment portfolio.

 

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

 

 

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