31 July 2024
Mercia Asset Management PLC
("Mercia" the "Company" or the "Group")
Director/PDMR Dealings
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist alternative asset manager with over £1.8billion of assets under management, announces that it has received notifications of the following transactions relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary Shares") by Directors and PDMRs of the Company as follows:
· Mark Payton, Director and Chief Executive Officer of the Company, became beneficially interested in a further 145,840 Ordinary Shares. These shares were bought at 34.20p, 34.90p and 34.96p per share.
· Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 119,223 Ordinary Shares. These shares were bought at 34.50p per share.
· Julian Viggars, Director and Chief Investment Officer of the Company, became beneficially interested in a further 100,000 Ordinary Shares. These shares were bought at 34.80p and 34.888p per share.
The personal share purchases by Messrs Payton, Glanfield and Viggars (365,063 shares in total) are the re-investment of part of their 2023/24 net bonuses, and the shares will be held for a minimum period of one year.
Following the above transactions, Messrs Payton, Glanfield and Viggars are beneficially interested in the following number of Ordinary Shares:
| Director/PDMR | Number of Ordinary Shares | Percentage of issued and voting Ordinary share capital |
| Mark Payton* | 7,330,716 | 1.70% |
| Martin Glanfield** | 1,864,170 | 0.43% |
| Julian Viggars*** | 1,078,640 | 0.25% |
* Including 12,793 Ordinary Shares held by Katharine Yeo
** Including 125,784 Ordinary Shares held by Bryonie Glanfield
*** Including 84,064 Ordinary Shares held by Emma Viggars
The notifications below are made in accordance with the requirements of the Market Abuse Regulations.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
| a) | Name | Mark Payton | ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position / status | Director (PDMR) | ||||||||
| b) | Initial notification / amendment | Initial | ||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| a) | Name | Mercia Asset Management PLC | ||||||||
| b) | LEI | 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
| Acquisition of 145,840 Ordinary shares | ||||||||
| c)
| Price(s) and volume(s)
|
| ||||||||
| d) | Aggregated information - Aggregated volume - Price |
145,840 34.6900 | ||||||||
| e) | Date of the transaction | 29 July 2024, UK | ||||||||
| f) | Place of the transaction | AIM (AIMX) | ||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Martin Glanfield | ||||
| 2 | Reason for the notification | |||||
| a) | Position / status | Director (PDMR) | ||||
| b) | Initial notification / amendment | Initial | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Mercia Asset Management PLC | ||||
| b) | LEI | 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
| Acquisition of 119,223 Ordinary shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction | ||||
| e) | Date of the transaction | 30 July 2024, UK | ||||
| f) | Place of the transaction | AIM (AIMX) | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Julian Viggars | ||||
| 2 | Reason for the notification | |||||
| a) | Position / status | Director (PDMR) | ||||
| b) | Initial notification / amendment | Initial | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Mercia Asset Management PLC | ||||
| b) | LEI | 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
| Acquisition of 100,000 Ordinary shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
100,000 34.8440 | ||||
| e) | Date of the transaction | 29 July 2024, UK | ||||
| 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 1430
|
| Canaccord Genuity Limited (NOMAD and Joint Broker) | +44 (0)20 7523 8000 |
| Simon Bridges, Emma Gabriel |
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| Singer Capital Markets (Joint Broker) | +44 (0)20 7496 3000 |
| Charles Leigh-Pemberton |
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| FTI Consulting | +44 (0)20 3727 1051 |
| Tom Blackwell, Jenny Boyd |
|
| mercia@fticonsulting.com |
|
About Mercia Asset Management PLC
Mercia is a proactive, specialist alternative asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of venture, debt, private equity 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".
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