TIDMMERC
RNS Number : 8096M
Mercia Asset Management PLC
18 September 2023
RNS 18 September 2023
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.GBP1.4billion of
assets under management, announces that options (the "Options")
over a total of 2,318,735 new Ordinary shares of GBP0.00001 each in
the capital of the Company ("Ordinary Shares") were awarded today
pursuant to the 2023 Mercia Save As You Earn Share Option Plan (the
"SAYE Scheme"). The Options were granted at an exercise price of
20.72p per Ordinary Share ( calculated in accordance with the rules
of the SAYE Scheme). The Options will vest on 1 November 2026.
These new Options have been issued within the 10.0% overall
limit of the Company's issued share capital, set by the approved
2014 Mercia Company Share Option Plan. Following the grant of these
Options, the Company has awarded, in aggregate, a total of
37,676,771 options pursuant to the 2014 Mercia Company Share Option
Plan and the 2022 and 2023 Mercia Save As You Earn Option Plans,
equating to approximately 8.4 % of the existing issued Ordinary
share capital of the Company. Mercia's SAYE Scheme provides staff
with an additional medium term retention incentive, which is fully
aligned with the Group's shareholder value creation strategy.
The following PDMRs applied for and have been granted Options
pursuant to the 2023 SAYE scheme:
-- Mark Payton, Director and CEO of the Company was granted 89,527 Options
-- Martin Glanfield, Director and CFO of the Company was granted 89,527 Options
-- Ross Gardner, PDMR and Group Financial Controller of the Company was granted 89,527 Options
Following the grant of these Options, the PDMRs listed below
hold the following options and Ordinary Shares in the Company:
Total number
Grant of of other Interest
SAYE Options options in existing
over Ordinary over Ordinary issued Ordinary
Name Role Shares Shares Shares
Mark Payton* Director - CEO 89,527 5,422,932 7,184,876
------------------------ --------------- --------------- -----------------
Martin Glanfield** Director - CFO 89,527 4,536,697 1,599,118
------------------------ --------------- --------------- -----------------
PDMR - Group Financial
Ross Gardner Controller 89,527 250,000 0
------------------------ --------------- --------------- -----------------
* Including 12,793 Ordinary shares held by Katherine Yeo
** Including 165,254 Ordinary shares held by Bryonie Glanfield
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 Mark Payton - PDMR
--------------------------------------- -----------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------------
a) Position/status Director (PDMR)
--------------------------------------- -----------------------------------------------
b) Initial Notification Initial
/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 Options over Ordinary shares of 0.001 pence
the financial instrument, each
type of instrument
Identification
code ISIN: GB00BSL71W47
--------------------------------------- -----------------------------------------------
b) Nature of the transaction Grant of options
--------------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Exercise No. of shares
Price
--------------------------------------- ------------------- --------------------------
GBP0.2072 89,527
---------------------------------------------------------------- --------------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
- Aggregated total
--------------------------------------- -----------------------------------------------
e) Date of the transaction 18 September 2023
--------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- -----------------------------------------------
Details of the persons discharging managerial responsibilities/person
1 closely associated
a) Name Martin Glanfield - PDMR
--------------------------------------- -----------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------------
a) Position/status Director (PDMR)
--------------------------------------- -----------------------------------------------
b) Initial Notification Initial
/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 Options over Ordinary shares of 0.001 pence
the financial instrument, each
type of instrument
Identification
code ISIN: GB00BSL71W47
--------------------------------------- -----------------------------------------------
b) Nature of the transaction Grant of options
--------------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Exercise No. of shares
Price
--------------------------------------- ------------------- --------------------------
GBP0.2072 89,527
---------------------------------------------------------------- --------------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
- Aggregated total
--------------------------------------- -----------------------------------------------
e) Date of the transaction 18 September 2023
--------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- -----------------------------------------------
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 Options over Ordinary shares of 0.001 pence
the financial instrument, each
type of instrument
Identification
code ISIN: GB00BSL71W47
--------------------------------------- -----------------------------------------------
b) Nature of the transaction Grant of options
--------------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Exercise No. of shares
Price
--------------------------------------- ------------------- --------------------------
GBP0.2072 89,527
---------------------------------------------------------------- --------------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
- Aggregated total
--------------------------------------- -----------------------------------------------
e) Date of the transaction 18 September 2023
--------------------------------------- -----------------------------------------------
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 +44 (0)330 223
www.mercia.co.uk 1430
Canaccord Genuity Limited (NOMAD and Joint +44 (0)20 7523
Broker) 8000
Simon Bridges, Emma Gabriel
+44 (0)20 7496
Singer Capital Markets (Joint Broker) 3000
Harry Gooden, James Moat
+44 (0)20 3727
FTI Consulting 1051
Tom Blackwell, Jenny Boyd
mercia@fticonsulting.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 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 18, 2023 11:00 ET (15:00 GMT)
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