Mercia Asset Management PLC AGM Statement (1655Z)

TIDMMERC

RNS Number : 1655Z

Mercia Asset Management PLC

13 September 2022

 
 RNS              13 September 2022 
 

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.GBP959million 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:

"The recurring profits now being derived from our investment activities in both our fund management business and from the balance sheet portfolio are testament to the strength of our differentiated business model. We continue to benefit from a Group-wide strong liquidity position. This ensures not only the continued support of Mercia's direct and managed funds' investment portfolios as they navigate macroeconomic uncertainties, but also the continued deployment of capital into attractive new investment opportunities and when appropriate, scaling the Group's funds under management in line with our 'Mercia 20:20' strategy."

-Ends-

For further information, please contact:

 
   Mercia Asset Management PLC 
    Mark Payton, Chief Executive Officer 
    Martin Glanfield, Chief Financial Officer      [phone] 
    www.mercia.co.uk                                         1430 
   Canaccord Genuity Limited (NOMAD and Joint    [phone] 
    Broker)                                       8000 
   Simon Bridges, Emma Gabriel 
 
                                                 [phone] 
   Singer Capital Markets (Joint Broker)          3000 
   Harry Gooden, James Moat 
 
                                                 [phone] 
   FTI Consulting                                 1051 
   Tom Blackwell, Immy Ransom 
   [e-mail] 
 

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".

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

AGMSFEFIEEESELU

(END) Dow Jones Newswires

September 13, 2022 02:00 ET (06:00 GMT)