Mercia Asset Management PLC Director/PDMR Dealings (2410R)

TIDMMERC

RNS Number : 2410R

Mercia Asset Management PLC

04 March 2021

 
 RNS              4 March 2021 
 

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.GBP872million of assets under management, announces that it has received notifications of the following transactions relating to Ordinary shares of GBP0.00001 each in the capital of Mercia ("Ordinary Shares") by Directors and PDMRs of the Company as follows:

-- Diane Seymour-Williams, a Non-executive Director of the Company, has become beneficially interested in 250,000 Ordinary Shares. The Shares were bought by her on 3 March 2021 at 29.75p per share.

-- Forward Nominees Limited, an entity closely associated with Ray Chamberlain, a Non-executive Director of the Company, has sold 830,000 Ordinary Shares. The Shares were sold on 3 March 2021 at 30.00p per share by non-Chamberlain family shareholders. None of the shares sold were held personally by Ray Chamberlain.

Following the above transactions, Diane Seymour-Williams and Ray Chamberlain are beneficially interested in the following number of Ordinary Shares:

 
 Director/PDMR             Number of Ordinary      Percentage of issued 
                                       Shares    Ordinary share capital 
 Diane Seymour-Williams               250,000                     0.06% 
                          -------------------  ------------------------ 
 Ray Chamberlain                   65,194,766                    14.81% 
                          -------------------  ------------------------ 
 

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                         Diane Seymour-Williams 
     ---------------------------  ----------------------------------- 
 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 
 
       Identification               ISIN: GB00BSL71W47 
       code 
     ---------------------------  ----------------------------------- 
 b)   Nature of the transaction    Acquisition of 250,000 shares 
     ---------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)         Price(s)      Volume(s) 
                                      29.75p per 
                                       share        250,000 
                                                   ---------- 
     ---------------------------  ----------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  ----------------------------------- 
 e)   Date of the transaction      3 March 2021, UK 
     ---------------------------  ----------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Ray Chamberlain/Forward Nominees Limited 
     ---------------------------  ----------------------------------------- 
 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 
       Identification 
       code                         ISIN: GB00BSL71W47 
     ---------------------------  ----------------------------------------- 
 b)   Nature of the transaction    Sale of 830,000 shares 
     ---------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)      Volume(s) 
                                      30.00p per 
                                       share        830,000 
                                                   ---------- 
     ---------------------------  ----------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  ----------------------------------------- 
 e)   Date of the transaction      3 March 2021, UK 
     ---------------------------  ----------------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  ----------------------------------------- 
 

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, Richard Andrews 
 
                                                     [phone] 
   N+1 Singer (Joint Broker)                                   3000 
   Harry Gooden, James Moat 
 
                                                     [phone] 
   FTI Consulting                                              1051 
   Tom Blackwell, Louisa Feltes, Shiv Talwar 
   [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 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.GBP872million of assets under management and, since its IPO in December 2014, has invested c.GBP106million gross into its direct investment portfolio.

Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".

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March 04, 2021 11:09 ET (16:09 GMT)