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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mercia Asset Management Plc | LSE:MERC | London | Ordinary Share | GB00BSL71W47 | ORD 0.001P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.60 | 1.71% | 35.60 | 34.00 | 36.00 | 35.00 | 35.00 | 35.00 | 863,644 | 16:35:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 25.88M | 2.84M | - | N/A | 0 |
TIDMMERC
RNS Number : 5939L
Mercia Asset Management PLC
14 September 2021
RNS 14 September 2021
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
AGM Statement
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.GBP940million of assets under management, is today holding its Annual General Meeting. The Non-executive Chair, Ian Metcalfe, will make the following remarks at the meeting:
"I am pleased to say that Mercia is continuing to perform well across both its profitable fund management operations and its balance sheet direct investment portfolio. Our Group-wide strong liquidity position is enabling us to deploy capital into new and existing attractive investment opportunities, both through our managed funds and balance sheet. We have a differentiated business model which is now delivering incremental shareholder value and we are increasingly optimistic about our future."
-Ends-
For further information, please contact:
Mercia Asset Management PLC Mark Payton, Chief Executive Officer Martin Glanfield, Chief Financial Officer +44 (0)330 223 www.mercia.co.uk 1430 Canaccord Genuity Limited (NOMAD and Joint +44 (0)20 7523 Broker) 8000 Simon Bridges, Andrew Potts +44 (0)20 7496 Singer Capital Markets (Joint Broker) 3000 Harry Gooden, James Moat +44 (0)20 3727 FTI Consulting 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.GBP940million of assets under management and, since its IPO in December 2014, has invested c.GBP111million gross into its direct investment portfolio.
Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".
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(END) Dow Jones Newswires
September 14, 2021 02:00 ET (06:00 GMT)
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