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Mercia Asset Mgt PLC - Director/PDMR Dealings

RNS Number : 8882H
Mercia Asset Management PLC
27 March 2020
 

For immediate release

27 March 2020

 

Mercia Asset Management PLC

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

Director/PDMR Dealings

 

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager, announces that it has received a notification of the following transaction relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary Shares") by a Director and PDMR of the Company as follows:

·    Martin Glanfield, Chief Financial Officer of the Company, has become beneficially interested in a further 173,603 Ordinary Shares. The Ordinary Shares were bought on his behalf today at 14.4p per share by his SIPP.

Following the above transaction, Mr Glanfield is beneficially interested in the following number of Ordinary Shares:

Director/PDMR

Number of Ordinary Shares

Percentage of issued Ordinary share capital

Martin Glanfield

716,972   

0.2%

 

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

 

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 / amendment

Initial

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 the financial instrument, type of instrument

Identification code

Ordinary shares of £0.00001 each

 

ISIN: GB00BSL71W47

b)

 

Nature of the transaction

 

Acquisition of 173,603 Ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

14.4p per share

173,603

 

d)

Aggregated information

- Aggregated volume

- Price

 

N/A - single transaction

e)

Date of the transaction

27 March 2020, UK

f)

Place of the transaction

AIM (AIMX)

 

 

For further information, please contact:

Mercia Asset Management PLC

+44 (0)330 223 1430

Mark Payton, Chief Executive Officer

 

Martin Glanfield, Chief Financial Officer

 

www.mercia.co.uk

 

 

 

Canaccord Genuity Limited (NOMAD and Joint Broker)

+44 (0)20 7523 8000

Simon Bridges, Richard Andrews

 

 

 

N+1 Singer (Joint Broker)

 

Harry Gooden, James Moat

+44 (0)20 7496 3000

 

 

Buchanan Communications

+44 (0)20 7466 5000

Giles Stewart, Chris Lane, Vicky Hayns

 

www.buchanan.uk.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 Capital Solution'. 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 regional footprint through its eight offices, 19 university partnerships and extensive personal networks, providing it with access to high-quality deal flow. Mercia has over £700million of assets under management and, since its IPO in December 2014, has invested over £90million across 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 [email protected] or visit www.rns.com.
 
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Quick facts: Mercia Asset Management PLC

Price: 20

Market: AIM
Market Cap: £88.02 m
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