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MERC Mercia Asset Management Plc

33.10
0.30 (0.91%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.30 0.91% 33.10 32.60 33.60 33.10 32.80 32.80 149,495 08:35:54
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 25.88M 2.84M - N/A 0

Mercia Technologies PLC AGM Statement (4643B)

21/09/2018 7:00am

UK Regulatory


TIDMMERC

RNS Number : 4643B

Mercia Technologies PLC

21 September 2018

 
 For Immediate Release              21 September 2018 
 

Mercia Technologies PLC

(the "Group")

AGM Statement

Mercia Technologies PLC (AIM: MERC), the national investment group focused on the identification, creation, funding and scaling of innovative technology businesses with high growth potential from the UK regions, is today holding its Annual General Meeting. The Non-executive Chair, Susan Searle, will make the following remarks at the meeting:

"I am pleased to say that since our 31 March year end, the Group's direct investment portfolio has continued to make good overall progress, with significant commercial milestones being achieved by a number of our investee companies including Oxford Genetics, nDreams and Aston EyeTech.

"We are seeing an increasing number of exciting investment opportunities for Mercia's third-party managed funds which will, in due course, lead to further balance sheet direct investment opportunities.

"Our focus remains on growing the net asset value of the Group's direct investments by utilising Mercia's differentiated model to create long term value for shareholders. We look forward to updating shareholders on further positive progress throughout the year."

Ends

For further information, please contact:

 
Mercia Technologies PLC 
 Mark Payton, Chief Executive Officer 
 Martin Glanfield, Chief Financial Officer 
 www.merciatech.co.uk                          +44 (0)330 223 1430 
Cenkos Securities plc 
 Stephen Keys (NOMAD and Joint Broker)         +44 (0)20 7397 8900 
 
Canaccord Genuity Limited 
 Simon Bridges, Emma Gabriel (Joint Broker) 
                                               +44 (0)20 7523 8000 
 Buchanan 
 Bobby Morse, Chris Lane, Stephanie Watson 
 www.buchanan.uk.com                           +44 (0)20 7466 5000 
 

About Mercia Technologies PLC

Mercia is a national investment group focused on the funding and scaling of innovative technology businesses with high growth potential from the UK regions. Mercia benefits from 19 university partnerships and offices across the Midlands, the North of England and Scotland providing it with access to high quality, regional deal flow. Mercia Technologies PLC is quoted on AIM with the epic "MERC".

Mercia's 'Complete Capital Solution' initially nurtures businesses via its third-party funds (now with circa GBP400million under management) and then over time Mercia can provide further funding to its 'Emerging Stars' by deploying direct investment follow-on capital from its own balance sheet. Since its IPO in December 2014, Mercia has invested over GBP63million directly across its portfolio of 'Emerging Stars'.

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 rns@lseg.com or visit www.rns.com.

END

AGMLLFVEAIIIFIT

(END) Dow Jones Newswires

September 21, 2018 02:00 ET (06:00 GMT)

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