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Mercia Technologies (MERC)

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Thursday 11 April, 2019

Mercia Technologies

PDMR Dealing

RNS Number : 8966V
Mercia Technologies PLC
11 April 2019
 

RNS

11 April 2019

 

Mercia Technologies PLC

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

PDMR Dealing

 

Mercia Technologies PLC (AIM: MERC), the national investment group focused on the identification, creation, 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 transaction relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary Shares") by a PDMR of the Company as follows:

 

·     Peter Dines, Chief Operating Officer of the Company, became beneficially interested in a further 41,000 Ordinary Shares. The Shares were bought on his behalf on 10 April 2019 at 36.0p per share.

 

Following the above transaction, Peter Dines is beneficially interested in the following number of Ordinary Shares:

 

PDMR

Number of Ordinary Shares

Percentage of issued Ordinary share capital

Peter Dines

86,551

0.03%

 

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

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Dines

2

Reason for the notification

a)

Position / status

Chief Operating Officer (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

 

Acquisition of 41,000 Ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

36.0p per share

41,000

 

d)

Aggregated information

- Aggregated volume

- Price

 

N/A - single transaction

e)

Date of the transaction

10 April 2019, UK

f)

Place of the transaction

AIM (AIMX)

 

For further information, please contact:

 

Mercia Technologies PLC

+44 (0)330 223 1430

Mark Payton, Chief Executive Officer

 

Martin Glanfield, Chief Financial Officer

 

www.merciatech.co.uk   

 

 

 

Canaccord Genuity Limited

+44 (0)20 7523 8000

Simon Bridges, Emma Gabriel (NOMAD and Broker)

 

 

 

Buchanan

+44 (0)20 7466 5000

Chris Lane, Vicky Hayns, Stephanie Watson, Catriona Flint

 

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. The Group benefits from 19 university partnerships and 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 and 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. Mercia has c.£500million of assets under management and, since its IPO in December 2014, has invested over £74million across its direct investment portfolio.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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