Mercia Asset Management PLC Update on proceeds from sale of Faradion (8726H)
11 Abril 2022 - 01:01AM
UK Regulatory
TIDMMERC
RNS Number : 8726H
Mercia Asset Management PLC
11 April 2022
RNS 11 April 2022
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
Update on proceeds from sale of Faradion
Mercia Asset Management PLC (AIM: MERC), the proactive,
regionally focused specialist asset manager with c.GBP948million of
assets under management, is pleased to confirm that, further to its
announcement on 5 January 2022 regarding the sale of Faradion
Limited, the GBP0.8million of ring-fenced cash proceeds have now
been released.
The release of the GBP0.8million ring-fenced proceeds is in
addition to the profit of GBP5.7million reported on 5 January 2022,
and now brings the total realised profit on the disposal to
GBP6.5million above the holding value as at 30 September 2021.
-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
+44 (0)20 7523
Canaccord Genuity Limited (NOMAD and Joint Broker) 8000
Simon Bridges, Andrew Potts
+44 (0)20 7496
Singer Capital Markets (Joint Broker) 3000
Harry Gooden, James Moat
+44 (0)20 3727
FTI Consulting 1051
Tom Blackwell, Immy Ransom
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, 19 university partnerships and extensive personal
networks, providing it with access to high-quality deal flow.
Mercia currently has c.GBP948million of assets under management
and, since its IPO in December 2014, has invested c.GBP116million
gross into its direct investment portfolio.
Mercia Asset Management PLC is quoted on AIM with the EPIC
"MERC".
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCILMPTMTAMMJT
(END) Dow Jones Newswires
April 11, 2022 02:01 ET (06:01 GMT)
Mercia Asset Management (LSE:MERC)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Mercia Asset Management (LSE:MERC)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024