Source - LSE Regulatory
RNS Number : 2823N
Mercia Asset Management PLC
29 January 2021
 

RNS

29 January 2021

 

Mercia Asset Management PLC

 

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

 

Change of Auditor

 

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£872million of assets under management, announces that its Board has approved the appointment of BDO LLP ("BDO") as the Company's auditor for the financial year ending 31 March 2021.

 

This appointment follows a competitive tender process led by the Company's Audit and Risk Committee. The re-appointment of BDO for the financial year ending 31 March 2022 will be subject to approval by shareholders at the Company's next Annual General Meeting in September 2021.

 

BDO replaces Deloitte LLP ("Deloitte") who have formally resigned as auditor of the Group. In accordance with Section 519 of the Companies Act 2016, Deloitte has deposited with the Company a statement confirming that there are no matters connected with it ceasing to hold office that need to be brought to the attention of members or creditors of the Company.

 

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, Emma Gabriel, Richard Andrews

 

 

 

N+1 Singer (Joint Broker)

+44 (0)20 7496 3000

Harry Gooden, James Moat

 

 

 

FTI Consulting

         +44 (0)20 3727 1051

Tom Blackwell, Louisa Feltes, Shiv Talwar

 

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 balance sheet, venture, private equity and debt 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.£872million of assets under management and, since its IPO in December 2014, has invested c.£106million into its direct investment portfolio.

 

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

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