Mercia Asset Management
PLC
("Mercia", the "Group" or the
"Company")
Grant of
Options
Mercia Asset Management PLC (AIM:
MERC), the proactive, regionally focused specialist asset manager
with c.£1.8billion of assets under management, announces that options (the "Options") over a total of 950,000 new
Ordinary shares with a nominal value of £0.00001 each in the
capital of the Company ("Ordinary
Shares") were awarded on 2 August 2024 pursuant to the 2014
Mercia Company Share Option Plan at an exercise price of 34.8 pence
per Ordinary Share (being the closing mid-market price of an Ordinary Share on 2 August 2024). The
Options will, subject to the satisfaction of the performance
condition, vest in three equal tranches on the third, fourth and
fifth anniversary of the date of grant of the Options.
The Options represent, in aggregate,
0.21 % of the existing Ordinary share capital of the Company and
have been issued to a number of employees of the Company, including
one person discharging managerial responsibilities ("PDMR").
Following the grant of these
Options, the Company has a total of 38,890,542 options in issue
pursuant to the 2014 Mercia Company Share Option Plan, equating to
approximately 8.7% of the existing issued Ordinary share capital of
the Company.
Following the grant of these
Options, the PDMR holds the following options:
|
Name
|
Role
|
Grant of Options over Ordinary Shares
|
Total number of options over Ordinary Shares
|
|
Ross Gardner
|
PDMR - Group Financial
Controller
|
200,000
|
250,000
|
The notification below, made in
accordance with the requirements of the EU Market Abuse Regulation,
provides further detail.
Notification and public disclosure of transactions by person
discharging managerial responsibilities.
|
1
|
Details of the persons discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
(i) Ross Gardner
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR of the Company
|
|
b)
|
Initial Notification
/Amendment
|
Initial Notification
|
|
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
|
Grant of options
|
|
c)
|
Currency
|
GBP
|
|
d)
|
Price(s) and volume(s)
|
Exercise Price
|
No. of shares
|
|
34.80
|
200,000
|
|
|
|
e)
|
Aggregated information
- Aggregated volume
- Price
- Aggregated total
|
N/A - single transaction
|
|
f)
|
Date of the transaction
|
2 August 2024
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
-Ends-
For
further information, please contact:
|
Mercia Asset Management PLC
Mark Payton, Chief Executive
Officer
Martin Glanfield, Chief Financial
Officer
www.mercia.co.uk
|
+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
|
|
Charles Leigh-Pemberton
|
|
|
|
|
|
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 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".