| RNS | 7 July 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.£959million 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:
· Ian Metcalfe, Non-Executive Chair of the Company, became beneficially interested in a further 65,100 Ordinary Shares. The shares were bought yesterday at 30.25p per share.
· Mark Payton, Director and Chief Executive Officer of the Company, became beneficially interested in a further 163,272 Ordinary Shares. These shares were bought yesterday at 29.90p, 30.00p and 29.99p per share.
· Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 132,231 Ordinary Shares. These shares were bought yesterday at 30.25p per share.
· Julian Viggars, Director and Chief Investment Officer of the Company, became beneficially interested in a further 132,255 Ordinary Shares. These shares were bought yesterday at 30.00p per share.
· Peter Dines, PDMR and Chief Operating Officer of the Company, became beneficially interested in a further 659,000 Ordinary Shares. These shares were bought yesterday at 30.25p per share.
The personal share purchases by Messrs Payton, Glanfield, Viggars and Dines (123,206 shares) are the re-investment of part of their 2021/22 net bonuses, and the shares will be held for a minimum period of one year.
Following the above transactions, Messrs Metcalfe, Payton, Glanfield, Viggars and Dines are beneficially interested in the following number of Ordinary Shares:
| Director/PDMR | Number of Ordinary Shares | Percentage of issued Ordinary share capital |
| Ian Metcalfe | 357,709 | 0.08% |
| Mark Payton* | 7,184,876 | 1.63% |
| Martin Glanfield** | 1,599,118 | 0.36% |
| Julian Viggars*** | 978,640 | 0.22% |
| Peter Dines | 1,078,389 | 0.25% |
* Including 12,793 Ordinary shares held by Katharine Yeo
** Including 165,254 Ordinary shares held by Bryonie Glanfield
*** Including 84,064 Ordinary shares held by Emma Viggars
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 | Ian Metcalfe | ||||
| 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 65,100 Ordinary shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction | ||||
| e) | Date of the transaction | 6 July 2022, UK | ||||
| f) | Place of the transaction | AIM (AIMX) | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
| a) | Name | Mark Payton | ||||||||
| 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 163,272 Ordinary shares | ||||||||
| c)
| Price(s) and volume(s)
|
| ||||||||
| d) | Aggregated information - Aggregated volume - Price |
163,272 29.9600 | ||||||||
| e) | Date of the transaction | 6 July 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 132,231 Ordinary shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction | ||||
| e) | Date of the transaction | 6 July 2022, UK | ||||
| f) | Place of the transaction | AIM (AIMX) | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Julian Viggars | ||||
| 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 132,255 Ordinary shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction | ||||
| e) | Date of the transaction | 6 July 2022, UK | ||||
| f) | Place of the transaction | AIM (AIMX) | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Peter Dines | ||||
| 2 | Reason for the notification | |||||
| a) | Position / status | 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 659,000 Ordinary shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction | ||||
| e) | Date of the transaction | 6 July 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, 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, university partnerships and extensive personal networks, providing it with access to high-quality deal flow.
Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".
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