Mercia Asset Management PLC Transaction in Own Shares (3129A)
January 19 2024 - 5:01AM
UK Regulatory
TIDMMERC
RNS Number : 3129A
Mercia Asset Management PLC
19 January 2024
RNS 19 January 2024
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 18 January 2024
Number of Ordinary shares purchased (aggregated
volume): 150,000
Highest price paid per Ordinary share (pence): 31.00
Lowest price paid per Ordinary share (pence): 31.00
Volume weighted average price paid per
Ordinary share (pence): 31.00
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 441,180,454 (excluding treasury
shares), and the Company will hold 5,499,069 Ordinary shares in
treasury.
This figure of 441,180,454 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
150,000 31.00 08:47:18 (AIM)
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- 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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END
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