Mercia Asset Management PLC AGM Statement (1655Z)
September 13 2022 - 2:00AM
UK Regulatory
TIDMMERC
RNS Number : 1655Z
Mercia Asset Management PLC
13 September 2022
RNS 13 September 2022
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
AGM Statement
Mercia Asset Management PLC (AIM: MERC), the proactive,
regionally focused specialist asset manager with c.GBP959million of
assets under management, is today holding its Annual General
Meeting. The Non-executive Chair, Ian Metcalfe, will make the
following remarks at the meeting:
"The recurring profits now being derived from our investment
activities in both our fund management business and from the
balance sheet portfolio are testament to the strength of our
differentiated business model. We continue to benefit from a
Group-wide strong liquidity position. This ensures not only the
continued support of Mercia's direct and managed funds' investment
portfolios as they navigate macroeconomic uncertainties, but also
the continued deployment of capital into attractive new investment
opportunities and when appropriate, scaling the Group's funds under
management in line with our 'Mercia 20:20' strategy."
-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, 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, 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".
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
AGMSFEFIEEESELU
(END) Dow Jones Newswires
September 13, 2022 02:00 ET (06:00 GMT)
Mercia Asset Management (LSE:MERC)
Historical Stock Chart
From Apr 2024 to May 2024
Mercia Asset Management (LSE:MERC)
Historical Stock Chart
From May 2023 to May 2024