RNS Reach 13 May 2026
Mercia Asset Management PLC
("Mercia", the "Company" or the "Group")
Direct investment portfolio cash receipts update
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused private asset manager with over £2.0billion of assets under management, notes that the Group has received c.£1million of realisation proceeds in the last six months, from three of the Group's former direct investments.
This comprises:
|
Impression Technologies Ltd |
£0.3million |
|
LM Technologies Ltd |
£0.1million |
|
Fortis Frontier PLC |
£0.6million |
|
Total |
£1.0million |
Whilst these receipts are not material individually, collectively they do represent positive cash inflow to Mercia and reflect the Group's focus on realising value from the direct investment portfolio.
Mark Payton, CEO of Mercia Asset Management PLC, said: "These relatively small cash receipts are nevertheless a welcome contribution to Mercia and reflect our focus on taking every opportunity to convert even our smallest direct investments into cash, when the opportunity arises."
- 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)
Simon Bridges, Emma Gabriel, Harry Rees +44 (0)20 7523 8000
Singer Capital Markets (Joint Broker)
Charles Leigh-Pemberton +44 (0)20 7496 3000
FTI Consulting
Tom Blackwell, Thomas Lodge +44 (0)20 3727 1051
mercia@fticonsulting.com
About Mercia Asset Management PLC
Mercia is a private capital asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of venture, development capital, property finance and proprietary capital: the Group's 'Complete Connected Capital'.
The Group has a strong UK footprint through its 11 regional offices, extensive local adviser and personal networks, and university partnerships, providing it with access to high-quality deal flow.
Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".