Mercia Asset Management PLC Grant of SAYE Options (9586Y)

TIDMMERC

RNS Number : 9586Y

Mercia Asset Management PLC

09 September 2022

 
 RNS              9 September 2022 
 

Mercia Asset Management PLC

("Mercia", the "Group" or the "Company")

Grant of SAYE Options

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.GBP959million of assets under management, announces that options (the "Options") over a total of 2,028,191 new Ordinary shares of GBP0.00001 each in the capital of the Company ("Ordinary Shares") were awarded today pursuant to the new 2022 Mercia Save As You Earn Share Option Plan (the "SAYE Scheme"). The Options were granted at an exercise price of 24.20p per Ordinary Share ( calculated in accordance with the rules of the SAYE Scheme). The Options will vest on 1 November 2025.

These new Options have been issued within the 10.0% overall limit of the Company's issued share capital, set by the 2014 approved Mercia Company Share Option Plan. Following the grant of these Options, the Company has awarded, in aggregate, a total of 30,428,331 options pursuant to the 2014 Mercia Company Share Option Plan and the 2022 Mercia Save As You Earn Option Plan, equating to approximately 6.9 % of the existing issued Ordinary share capital of the Company. The creation of Mercia's SAYE Scheme will provide staff with an additional medium term retention incentive, which is fully aligned with the Group's shareholder value creation strategy.

Ross Gardner (PDMR and Group Financial Controller ) was granted 22,314 Options pursuant to the SAYE scheme. Following the grant of these Options, Ross Gardner holds the following Ordinary Shares and options:

 
 Name           Role                      Grant of         Total number     Interest 
                                           SAYE Options     of other         in existing 
                                           over Ordinary    options          issued Ordinary 
                                           Shares           over Ordinary    Shares 
                                                            Shares 
                PDMR - Group Financial 
 Ross Gardner    Controller               22,314           200,000          0 
                -----------------------  ---------------  ---------------  ----------------- 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by person discharging managerial responsibilities.

 
       Details of the persons discharging managerial responsibilities/person 
  1     closely associated 
 a)    Name                                     Ross Gardner- PDMR 
      ---------------------------------------  --------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------------- 
 a)    Position/status                          PDMR of the Company 
      ---------------------------------------  --------------------------------------- 
 b)    Initial Notification                     Initial Notification 
        /Amendment 
      ---------------------------------------  --------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------- 
 a)    Name                                     Mercia Asset Management PLC 
      ---------------------------------------  --------------------------------------- 
 b)    Legal Entity Identifier                  213800A1Q4CF57NECG66 
      ---------------------------------------  --------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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 0.001 pence each 
        the financial instrument, 
        type of instrument 
 
        Identification                           ISIN: GB00BSL71W47 
        code 
      ---------------------------------------  --------------------------------------- 
 b)    Nature of the transaction                Grant of options 
      ---------------------------------------  --------------------------------------- 
 
 c)    Price(s) and volume(s)                   Exercise          No. of shares 
                                                 Price 
      ---------------------------------------  ----------------  --------------------- 
   GBP0.2420                                                      22,314 
  -------------------------------------------------------------  --------------------- 
 
 d)    Aggregated information                   N/A - single transaction 
        - Aggregated volume 
        - Price 
        - Aggregated total 
      ---------------------------------------  --------------------------------------- 
 e)    Date of the transaction                  9 September 2022 
      ---------------------------------------  --------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  --------------------------------------- 
 

-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".

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END

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September 09, 2022 06:33 ET (10:33 GMT)