Mercia Asset Management PLC Director/PDMR Dealings (1374V)

TIDMMERC

RNS Number : 1374V

Mercia Asset Management PLC

30 November 2023

RNS 30 November 2023

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.GBP1.5billion of assets under management, announces that it has received notification of the following transaction relating to Ordinary shares of GBP0.00001 each in the capital of Mercia ("Ordinary Shares") by a Director and PDMR of the Company as follows:

-- Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 145,829 Ordinary Shares. These shares were bought yesterday at 28.80p 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      Percentage of issued 
                                  Shares    Ordinary share capital 
 Martin Glanfield*             1,744,947                       0.4 
                     -------------------  ------------------------

* Including 165,254 Ordinary shares held by Bryonie Glanfield

The notification below is made in accordance with the requirements of the Market Abuse Regulations

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                         Martin Glanfield 
     ---------------------------  ------------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------------ 
 a)   Position / status            Director (PDMR) 
     ---------------------------  ------------------------------------------------- 
 b)   Initial notification         Initial 
       / amendment 
     ---------------------------  ------------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                         Mercia Asset Management PLC 
     ---------------------------  ------------------------------------------------- 
 b)   LEI                          213800A1Q4CF57NECG66 
     ---------------------------  ------------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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 145,829 Ordinary shares 
     ---------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)            Volume(s) 
                                      28.80p per share    145,829 
                                                         ---------- 
     ---------------------------  ------------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                                 N/A - single transaction 
       - Price 
     ---------------------------  ------------------------------------------------- 
 e)   Date of the transaction      29 November 2023 
     ---------------------------  ------------------------------------------------- 
 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 
    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, 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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