| RNS | 4 March 2021 |
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
Director/PDMR Dealings
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£872million of assets under management, announces that it has received notifications of the following transactions relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary Shares") by Directors and PDMRs of the Company as follows:
· Diane Seymour-Williams, a Non-executive Director of the Company, has become beneficially interested in 250,000 Ordinary Shares. The Shares were bought by her on 3 March 2021 at 29.75p per share.
· Forward Nominees Limited, an entity closely associated with Ray Chamberlain, a Non-executive Director of the Company, has sold 830,000 Ordinary Shares. The Shares were sold on 3 March 2021 at 30.00p per share by non-Chamberlain family shareholders. None of the shares sold were held personally by Ray Chamberlain.
Following the above transactions, Diane Seymour-Williams and Ray Chamberlain are beneficially interested in the following number of Ordinary Shares:
| Director/PDMR | Number of Ordinary Shares | Percentage of issued Ordinary share capital |
| Diane Seymour-Williams | 250,000 | 0.06% |
| Ray Chamberlain | 65,194,766 | 14.81% |
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 | Diane Seymour-Williams | ||||
| 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 250,000 shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction | ||||
| e) | Date of the transaction | 3 March 2021, UK | ||||
| f) | Place of the transaction | AIM (AIMX) | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Ray Chamberlain/Forward Nominees Limited | ||||
| 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
| Sale of 830,000 shares | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction | ||||
| e) | Date of the transaction | 3 March 2021, UK | ||||
| f) | Place of the transaction | AIM (AIMX) | ||||
For further information, please contact:
| Mercia Asset Management PLC Mark Payton, Chief Executive Officer Martin Glanfield, Chief Financial Officer
| +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 gross into its direct investment portfolio.
Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".
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