Mercia Asset Management PLC Transaction in Own Shares (6307X)

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RNS Number : 6307X

Mercia Asset Management PLC

21 December 2023

 
 RNS   21 December 2023

Mercia Asset Management PLC

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

Transaction in Own Shares

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 made the following purchases of Ordinary shares in the capital of the Company ( " Ordinary shares " ) on the London Stock Exchange, pursuant to the Share Buyback Programme announced on 28 November 2023.

 
 Date of purchase                                   20 December 2023 
 Number of Ordinary shares purchased (aggregated 
  volume):                                          264,000 
 Highest price paid per Ordinary share (pence):     29.70 
 Lowest price paid per Ordinary share (pence):      29.70 
 Volume weighted average price paid per 
  Ordinary share (pence):                           29.70 
 Venue where Ordinary shares are traded             London Stock Exchange 
                                                     (AIM)

The Company will hold the repurchased shares in treasury. Following the purchase, the number of Ordinary shares in issue and admitted to trading on AIM will be 444,309,454 (excluding treasury shares), and the Company will hold 2,370,069 Ordinary shares in treasury.

This figure of 444,309,454 Ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Share Buyback Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Canaccord Genuity Limited on behalf of the Company.

Individual transactions:

 
 Number of shares   Transaction price    Time of transaction       Trading venue 
     purchased       (pence per share) 
                                                               London Stock Exchange 
      10,000              29.70               11:01:06                 (AIM) 
                   -------------------  --------------------  ---------------------- 
                                                               London Stock Exchange 
      50,000              29.70               12:37:20                 (AIM) 
                   -------------------  --------------------  ---------------------- 
                                                               London Stock Exchange 
     100,000              29.70               12:42:17                 (AIM) 
                   -------------------  --------------------  ---------------------- 
                                                               London Stock Exchange 
     104,000              29.70               16:03:22                 (AIM) 
                   -------------------  --------------------  ----------------------

- 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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December 21, 2023 06:03 ET (11:03 GMT)

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