TIDMMERC

RNS Number : 0714A

Mercia Asset Management PLC

25 September 2020

 
 RNS              25 September 2020 
 

Mercia Asset Management PLC

("Mercia" or the "Company")

Director/PDMR Dealings

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.GBP800 million of assets under management, announces that it has received a notification of the following transactions relating to Ordinary shares of GBP0.00001 each in the capital of Mercia ("Ordinary Shares") by Directors and PDMRs of the Company as follows:

-- Ian Metcalfe, Non-Executive Chair of the Company, became beneficially interested in a further 50,000 Ordinary Shares. The Shares were bought yesterday at 20.00p per share.

-- Ray Chamberlain, Non-Executive Director of the company, became beneficially interested in a further 1,200,000 Ordinary Shares. The Shares were bought by the Forward Innovation Fund yesterday at 20.00p per share.

-- Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 171,495 Ordinary Shares. The Shares were bought on his behalf yesterday at 20.00p per share by his SIPP.

-- Julian Viggars, Director and Chief Investment Officer of the Company, became beneficially interested in a further 52,910 Ordinary Shares. The Shares were bought on his behalf yesterday at 18.90p per share by his SIPP.

-- Peter Dines, PDMR and Chief Operating Officer of the Company, became beneficially interested in a further 50,000 Ordinary Shares. The Shares were bought yesterday at 20.00p per share.

Following the above transactions, Messrs Metcalfe, Chamberlain, Glanfield, Viggars and Dines are beneficially interested in the following number of Ordinary Shares:

 
 Director/PDMR       Number of Ordinary      Percentage of issued 
                                 Shares    Ordinary share capital 
 Ian Metcalfe                   242,609                      0.06 
                    -------------------  ------------------------ 
 Ray Chamberlain             66,024,766                     15.00 
                    -------------------  ------------------------ 
 Martin Glanfield             1,044,305                      0.24 
                    -------------------  ------------------------ 
 Julian Viggars*                686,385                      0.16 
                    -------------------  ------------------------ 
 Peter Dines                    288,499                      0.07 
                    -------------------  ------------------------ 
 

*Including 75,000 Ordinary shares held by Mrs Emma Viggars

The notifications below are made in accordance with the requirements of the Market Abuse Regulations.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Ian Metcalfe 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position / status            Director (PDMR) 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial 
       / amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Mercia Asset Management 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 50,000 Ordinary shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)      Volume(s) 
                                      20.00p per 
                                       share        50,000 
                                                   ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      24 September 2020, UK 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Ray Chamberlain 
     ---------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position / status            Director (PDMR) 
     ---------------------------  ----------------------------------------- 
 b)   Initial notification         Initial 
       / amendment 
     ---------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                         Mercia Asset Management 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 1,200,000 Ordinary shares 
     ---------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)      Volume(s) 
                                      20.00p per 
                                       share        1,200,000 
                                                   ---------- 
     ---------------------------  ----------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  ----------------------------------------- 
 e)   Date of the transaction      24 September 2020, UK 
     ---------------------------  ----------------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Martin Glanfield 
     ---------------------------  --------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position / status            Director (PDMR) 
     ---------------------------  --------------------------------------- 
 b)   Initial notification         Initial 
       / amendment 
     ---------------------------  --------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                         Mercia Asset Management 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 171,495 Ordinary shares 
     ---------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)      Volume(s) 
                                      20.00p per 
                                       share        171,495 
                                                   ---------- 
     ---------------------------  --------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  --------------------------------------- 
 e)   Date of the transaction      24 September 2020, UK 
     ---------------------------  --------------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  --------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Julian Viggars 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position / status            Director (PDMR) 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial 
       / amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Mercia Asset Management 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 52,910 Ordinary shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)      Volume(s) 
                                      18.90p per 
                                       share        52,910 
                                                   ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      24 September 2020, UK 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Peter Dines 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position / status            PDMR 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial 
       / amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Mercia Asset Management 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 50,000 Ordinary shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)      Volume(s) 
                                      20.00p per 
                                       share        50,000 
                                                   ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      24 September 2020, UK 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  -------------------------------------- 
 

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, Richard Andrews 
 
                                                              +44 (0)20 7496 
   N+1 Singer (Joint Broker)                                   3000 
   Harry Gooden, James Moat 
 
                                                              +44 (0)20 3727 
   FTI Consulting                                                       1051 
   Tom Blackwell, Louisa Feltes, Shiv Talwar 
   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 balance sheet, venture, private equity and debt 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, 19 university partnerships and extensive personal networks, providing it with access to high-quality deal flow. Mercia currently has c.GBP800million of assets under management and, since its IPO in December 2014, has invested over GBP96million into its direct investment portfolio.

Mercia Asset Management PLC is quoted on AIM with the epic "MERC".

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END

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September 25, 2020 02:00 ET (06:00 GMT)

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