PDMR / Director Dealings

RNS Number : 9289U

Mercia Technologies PLC

17 July 2018

 

RNS	17 July 2018

Mercia Technologies PLC

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

PDMR / Director Dealings

Mercia Technologies PLC (AIM: MERC), the national investment group focused on the creation, identification, 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 transactions relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary Shares") by a Director and a person closely associated with them.

For tax planning purposes Susan Searle, the Non-executive Chair of the Company, sold 120,000 shares at 31.5p per share all of which were bought, at the same price, by her spouse's self-invested pension plan.  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 120,000 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 31.5p per share 120,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	17 July 2018
f)	Place of the transaction	AIM (AIMX)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Fraser Searle
2	Reason for the notification
a)	Position / status	Person closely associated with Susan Searle (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 120,000 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 31.5p per share 120,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	17 July 2018
f)	Place of the transaction	AIM (AIMX)

For further information, please contact:

Mercia Technologies PLC Mark Payton, Chief Executive Officer Martin Glanfield, Chief Financial Officer www.merciatech.co.uk	[phone]
Cenkos Securities plc	[phone]
Stephen Keys, Camilla Hume (NOMAD and Joint Broker)
Canaccord Genuity Limited	[phone]
Simon Bridges, Emma Gabriel (Joint Broker)
Buchanan	[phone]
Bobby Morse, Chris Lane, Stephanie Watson
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. Mercia benefits from 19 university partnerships and nine 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 (now with c.£400.0million funds under management following recent mandate wins) and then over time Mercia can provide further funding to its 'Emerging Stars' by deploying direct investment follow-on capital from its own balance sheet. Since its IPO in December 2014, Mercia has invested over £63.0million directly across its portfolio of 'Emerging Stars'.

 

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[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.

 

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