MERC Mercia Asset Management Plc

TIDMMERC

RNS Number : 2400O

Mercia Asset Management PLC

29 September 2023

 
 RNS              29 September 2023 
 

Mercia Asset Management PLC

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

Exercise of Options and Issue of Equity

Total Voting Rights

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.GBP1.4billion of assets under management, announces that, following the exercise of options (the "Options") by certain employees, a total of 98,321 new Ordinary shares of GBP0.00001 each in the capital of the Company ("Ordinary Shares") h ave been issued. The Options were exercised pursuant to the 2014 Mercia Company Share Option Plan.

Application has been made for the 98,321 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on 5 October 2023.

Following Admission, the total issued share capital of the Company with voting rights will be 446,679,523 Ordinary Shares. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

-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

IOEEASNNASKDEFA

(END) Dow Jones Newswires

September 29, 2023 11:58 ET (15:58 GMT)

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