Mercia Technologies PLC AGM statement (9512Q)

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RNS Number : 9512Q

Mercia Technologies PLC

18 September 2017

 
 For Immediate Release              18 September 2017 
 
 

Mercia Technologies PLC

("Mercia" or the "Group")

AGM Statement

Mercia Technologies PLC (AIM: MERC), the national investment group focused on the funding and scaling of innovative technology businesses with high growth potential from the UK regions, is today holding its Annual General Meeting. The Non-executive Chair, Susan Searle, will make the following remarks at the meeting:

"I am pleased to say that since our 31 March year end the Group's direct investment portfolio has continued to make good overall progress, with significant commercial milestones being achieved by a number of our investee companies and syndicated funding rounds, involving both new and existing co-investors, completed by Impression Technologies, nDreams, Oxford Genetics and Warwick Audio Technologies."

"Our focus remains on growing the net asset value of the Group's direct investments by utilising Mercia's differentiated model to create long term value for shareholders. We look forward to updating shareholders on further positive progress throughout the year."

Ends

For further information, please contact:

 
Mercia Technologies PLC 
 Mark Payton, Chief Executive Officer 
 Martin Glanfield, Chief Financial Officer 
 www.merciatech.co.uk                            [phone] 
Cenkos Securities plc 
 Stephen Keys, Camilla Hume (NOMAD)              [phone] 
Buchanan 
 Bobby Morse, Victoria Hayns, Stephanie Watson 
 www.buchanan.uk.com                             [phone] 
 

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. Mercia benefits from 18 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 (now with circa GBP336.5million under management following recent mandate wins) and then over time Mercia can provide further funding to its 'Emerging Stars' by deploying direct investment follow-on capital from its own balance sheet. Since its IPO in December 2014, Mercia has invested over GBP41.0million directly across its portfolio of 'Emerging Stars'.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 18, 2017 02:00 ET (06:00 GMT)