Director/PDMR Dealings

Mercia Asset Management PLC

30 November 2023

 

RNS                                                                                                                                                       30 November 2023          

Mercia Asset Management PLC

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

Director/PDMR Dealings

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 received notification of the following transaction relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary Shares") by a Director and PDMR of the Company as follows:

·    Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 145,829 Ordinary Shares. These shares were bought yesterday at 28.80p per share by his SIPP.

Following the above transaction, Mr Glanfield is beneficially interested in the following number of Ordinary Shares:

Director/PDMR	Number of Ordinary Shares	Percentage of issued Ordinary share capital
Martin Glanfield*	1,744,947	0.4

* Including 165,254 Ordinary shares held by Bryonie Glanfield

The notification below is made in accordance with the requirements of the Market Abuse Regulations

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 145,829 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 28.80p per share 145,829
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	29 November 2023
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, 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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