Mercia Technologies PLC PDMR Dealing (8966V)

TIDMMERC

RNS Number : 8966V

Mercia Technologies PLC

11 April 2019

 
 RNS              11 April 2019 
 

Mercia Technologies PLC

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

PDMR Dealing

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, 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 PDMR of the Company as follows:

-- Peter Dines, Chief Operating Officer of the Company, became beneficially interested in a further 41,000 Ordinary Shares. The Shares were bought on his behalf on 10 April 2019 at 36.0p per share.

Following the above transaction, Peter Dines is beneficially interested in the following number of Ordinary Shares:

 
 PDMR           Number of Ordinary      Percentage of issued 
                            Shares    Ordinary share capital 
 Peter Dines                86,551                     0.03% 
               -------------------  ------------------------ 
 

The notification below is made in accordance with the requirements of the Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Peter Dines 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position / status            Chief Operating Officer (PDMR) 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial 
       / amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Mercia Technologies 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,    ISIN: GB00BSL71W47 
       type of instrument 
       Identification 
       code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Acquisition of 41,000 Ordinary shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)           Volume(s) 
                                      36.0p per share    41,000 
                                                        ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      10 April 2019, UK 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  -------------------------------------- 
 

For further information, please contact:

 
 Mercia Technologies PLC                      [phone] 
 Mark Payton, Chief Executive Officer 
 Martin Glanfield, Chief Financial Officer 
 www.merciatech.co.uk 
 
 Canaccord Genuity Limited                    [phone] 
 Simon Bridges, Emma Gabriel (NOMAD 
  and Broker) 
 
 Buchanan                                     [phone] 
 Chris Lane, Vicky Hayns, Stephanie 
  Watson, Catriona Flint 
 www.buchanan.uk.com 
 

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. The Group 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 and 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. Mercia has c.GBP500million of assets under management and, since its IPO in December 2014, has invested over GBP74million across its direct investment portfolio.

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.

END

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(END) Dow Jones Newswires

April 11, 2019 04:41 ET (08:41 GMT)