| RNS | 5 January 2022 |
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.£948million 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:
· Mark Payton, Director and Chief Executive Officer of the Company, became beneficially interested in a further 12,793 Ordinary Shares. These shares were bought today at 38.10p per share by his spouse.
· Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 39,470 Ordinary Shares. The shares were bought today at 38.00p per share by his SIPP.
Following the above transactions, Messrs Payton and Glanfield are beneficially interested in the following number of Ordinary Shares:
| Director/PDMR | Number of Ordinary Shares | Percentage of issued Ordinary share capital |
| Mark Payton* | 7,021,604 | 1.60 |
| Martin Glanfield** | 1,466,887 | 0.33 |
*Including 12,793 Ordinary shares held by Katharine Yeo
**Including 125,784 Ordinary shares held by Bryonie Glanfield
The notifications below are made in accordance with the requirements of the Market Abuse Regulations.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Katharine Yeo | ||||
| 2 | Reason for the notification | |||||
| a) | Position / status | Person closely associated with Mark Payton, chief executive officer of Mercia Asset Management PLC | ||||
| 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 12,793 Ordinary shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
12,793 38.10 | ||||
| e) | Date of the transaction | 5 January 2022, UK | ||||
| f) | Place of the transaction | AIM (AIMX) | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Martin Glanfield | ||||
| 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 39,470 Ordinary shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
39,470 38.00 | ||||
| e) | Date of the transaction | 5 January 2022, UK | ||||
| f) | Place of the transaction | AIM (AIMX) | ||||
-Ends-
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, Andrew Potts | |
| | |
| Singer Capital Markets (Joint Broker) | +44 (0)20 7496 3000 |
| Harry Gooden, James Moat | |
| | |
| FTI Consulting | +44 (0)20 3727 1051 |
| Tom Blackwell, Louisa Feltes, Immy Ransom | |
| 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 venture, private equity, debt and proprietary 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.£948million of assets under management and, since its IPO in December 2014, has invested c.£116million gross into its direct investment portfolio.
Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".
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