| RNS | 22 March 2024 |
Mercia Asset Management PLC
("Mercia", the "Company" or the "Group")
Director/PDMR Dealings
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£1.5billion of assets under management, announces that it has received notification of the following transaction relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary shares") by a Director of the Company as follows:
· Forward Nominees Limited, an entity closely associated with Ray Chamberlain, a Non‐executive Director of the Company, has sold 1,563,813 Ordinary shares. The Shares were sold on 21 March 2024 at 32.50p per share by non‐Chamberlain family shareholders. None of the shares sold were held personally by Ray Chamberlain.
Following the above transactions, Ray Chamberlain is beneficially interested in the following number of Ordinary shares:
| Director/PDMR | Number of Ordinary Shares | Percentage of Ordinary shares with voting rights |
| Ray Chamberlain | 63,630,953 | 14.56% |
The notifications below are made in accordance with the requirements of the Market Abuse Regulation.
| 1 | Details of the persons discharging managerial responsibilities/person closely associated | ||
| a) | Name | Ray Chamberlain/Forward Nominees Limited | |
| 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) | Legal Entity Identifier | 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 | Sale of 1,563,813 shares | |
| | | | |
| c) | Price(s) and volume(s) | Price(s) | No. of shares |
| 32.50p per share | 1,563,813 | ||
|
| |||
| d) | Aggregated information - Aggregated volume - Price - Aggregated total | N/A - single transaction | |
| e) | Date of the transaction | 21 March 2024 | |
| f) | Place of the transaction | AIM (AIMX) | |
- Ends -
For further information, please contact:
| Mercia Asset Management PLC Mark Payton, Chief Executive Officer Martin Glanfield, Chief Financial Officer
| +44 (0)330 223 1430
|
| Canaccord Genuity Limited (NOMAD and Joint Broker) | +44 (0)20 7523 8000 |
| Simon Bridges, Emma Gabriel | |
| | |
| Singer Capital Markets (Joint Broker) | +44 (0)20 7496 3000 |
| Harry Gooden, James Moat | |
| | |
| FTI Consulting | +44 (0)20 3727 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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