Mercia Asset Management PLC Director/PDMR Dealings (8882H)

TIDMMERC

RNS Number : 8882H

Mercia Asset Management PLC

27 March 2020

 
 For immediate release              27 March 2020 
 

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, announces that it has received a notification of the following transaction relating to Ordinary shares of GBP0.00001 each in the capital of Mercia ("Ordinary Shares") by a Director and PDMR of the Company as follows:

-- Martin Glanfield, Chief Financial Officer of the Company, has become beneficially interested in a further 173,603 Ordinary Shares. The Ordinary Shares were bought on his behalf today at 14.4p per share by his SIPP.

Following the above transaction, Mr Glanfield is beneficially interested in the following number of Ordinary Shares:

 
 Director/PDMR       Number of Ordinary      Percentage of issued 
                                 Shares    Ordinary share capital 
 Martin Glanfield               716,972                      0.2% 
                    -------------------  ------------------------ 
 

The notifications below are made in accordance with the requirements of the Market Abuse Regulation.

 
 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         Initial 
       / amendment 
     ---------------------------  --------------------------------------- 
 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               Ordinary shares of GBP0.00001 each 
       the financial instrument, 
       type of instrument           ISIN: GB00BSL71W47 
       Identification 
       code 
     ---------------------------  --------------------------------------- 
 b)   Nature of the transaction    Acquisition of 173,603 Ordinary shares 
     ---------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)           Volume(s) 
                                      14.4p per share    173,603 
                                                        ---------- 
     ---------------------------  --------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  --------------------------------------- 
 e)   Date of the transaction      27 March 2020, UK 
     ---------------------------  --------------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  --------------------------------------- 
 

For further information, please contact:

 
 Mercia Asset Management PLC             [phone] 
 Mark Payton, Chief Executive Officer 
 Martin Glanfield, Chief Financial 
  Officer 
 www.mercia.co.uk 
 
 Canaccord Genuity Limited (NOMAD 
  and Joint Broker)                      [phone] 
 Simon Bridges, Richard Andrews 
 
 N+1 Singer ( Joint Broker ) 
 Harry Gooden, James Moat                [phone] 
 
 Buchanan Communications                 [phone] 
 Giles Stewart, Chris Lane, Vicky 
  Hayns 
 www.buchanan.uk.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 Capital Solution'. 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 regional footprint through its eight offices, 19 university partnerships and extensive personal networks, providing it with access to high-quality deal flow. Mercia has over GBP700million of assets under management and, since its IPO in December 2014, has invested over GBP90million across its direct investment portfolio.

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.

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March 27, 2020 07:30 ET (11:30 GMT)