Company Announcements

Director/PDMR Dealings

Source: RNS
RNS Number : 4544Y
Mercia Asset Management PLC
31 July 2024
 

                                                                                                                                                                       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)

 

 

 

Price(s)

Volume(s)

34.2000

42,806

34.9000

102,772

34.9600

262


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)

 

 

 

Price(s)

Volume(s)

34.5000

119,223


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)

 

 

 

Price(s)

Volume(s)

34.8000

34.8880

50,000

50,000


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

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 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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