Mercia Technologies PLC Grant of Options (0572Z)
August 29 2018 - 1:01AM
UK Regulatory
TIDMMERC
RNS Number : 0572Z
Mercia Technologies PLC
29 August 2018
For immediate release 29 August 2018
Mercia Technologies PLC
("Mercia" or the "Company")
Grant of Options
Mercia Technologies PLC (AIM: MERC), the national investment
group focused on the identification, creation, funding and scaling
of innovative technology businesses with high growth potential from
the UK regions, announces that options (the "Options") over a total
of 4,689,000 new Ordinary shares with a nominal value of 0.001p
each in the capital of the Company ("Ordinary Shares") were awarded
yesterday pursuant to the 2014 Mercia Company Share Option Plan at
an exercise price of 30.80p per Ordinary Share (being the closing
mid-market price of an Ordinary Share on 28 August 2018). 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, 1.55% of the existing
Ordinary share capital of the Company and have been issued to a
number of employees of the Company, including all three Executive
Directors and three further persons discharging managerial
responsibilities ("PDMRs").
Following these grants, the Company has a total of 14,851,000
unvested options pursuant to the 2014 Mercia Company Share Option
Plan, equating to approximately 4.90% of the existing issued
Ordinary share capital of the Company.
Following the grant of these Options, PDMRs hold the following
Ordinary Shares and options:
Name Role Grant of Total number Interest
Options over of options in existing
Ordinary over Ordinary issued Ordinary
Shares Shares Shares
Dr. Mark Payton Chief Executive Officer 400,000 2,200,000 6,655,472
------------------------ -------------- --------------- -----------------
Martin Glanfield Chief Financial Officer 400,000 2,200,000 293,369
------------------------ -------------- --------------- -----------------
Chief Investment
Julian Viggars Officer 1,200,000 1,600,000 424,325*
------------------------ -------------- --------------- -----------------
Peter Dines PDMR 600,000 600,000 45,551
------------------------ -------------- --------------- -----------------
John Simpson PDMR 200,000 450,000 754,997
------------------------ -------------- --------------- -----------------
Ceri Bailey PDMR 100,000 100,000 21,739
------------------------ -------------- --------------- -----------------
*Including 75,000 Ordinary Shares held by Mrs Emma Viggars.
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) Dr. Mark Payton - Chief Executive Officer
(ii) Martin Glanfield - Chief Financial
Officer
(iii) Julian Viggars - Chief Investment
Officer
(iv) Peter Dines - PDMR
(v) John Simpson - PDMR
(vi) Ceri Bailey - PDMR
------------------------------------ ------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status Executive Directors and PDMRs of the Company
------------------------------------ ------------------------------------------------
b) Initial Notification Initial Notification
/Amendment
------------------------------------ ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Mercia Technologies 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 Ordinary shares of 0.001 pence each
the financial instrument,
type of instrument
Identification ISIN: GB00BSL71W47
code
------------------------------------ ------------------------------------------------
b) Nature of the transaction Grant of options
------------------------------------ ------------------------------------------------
c) Currency GBP
------------------------------------ ------------------------------------------------
d) Price(s) and volume(s) Exercise No. of shares
Price
------------------------------------ ------------------ ----------------------------
GBP0.3080 (i) 400,000
------------------------------------ ------------------ ----------------------------
GBP0.3080 (ii) 400,000
------------------ ----------------------------
GBP0.3080 (iii) 1,200,000
------------------ ----------------------------
GBP0.3080 (iv) 600,000
------------------ ----------------------------
GBP0.3080 (v) 200,000
------------------ ----------------------------
GBP0.3080 (vi) 100,000
------------------ ----------------------------
e) Aggregated information N/A - single transactions
- Aggregated volume
- Price
- Aggregated total
------------------------------------ ------------------------------------------------
f) Date of the transaction 28 August 2018
------------------------------------ ------------------------------------------------
g) Place of the transaction Outside a trading venue
------------------------------------ ------------------------------------------------
For further information, please contact:
Mercia Technologies PLC
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer
www.merciatech.co.uk +44 (0)330 223 1430
Cenkos Securities plc
Stephen Keys (NOMAD and Joint Broker) +44 (0)20 7397 8900
Canaccord Genuity Limited
Simon Bridges, Emma Gabriel (Joint Broker)
+44 (0)20 7523 8000
Buchanan
Bobby Morse, Chris Lane, Stephanie Watson
www.buchanan.uk.com +44 (0)20 7466 5000
About Mercia Technologies PLC
Mercia is a national investment group focused on the funding and
scaling of innovative technology businesses with high growth
potential from the UK regions. Mercia benefits from 19 university
partnerships and offices across the Midlands, the North of England
and Scotland providing it with access to high quality, regional
deal flow. Mercia Technologies PLC is quoted on AIM with the epic
"MERC".
Mercia's 'Complete Capital Solution' initially nurtures
businesses via its third-party funds (now with circa GBP400million
under management following recent mandate wins) and then over time
Mercia can provide further funding to its 'Emerging Stars' by
deploying direct investment follow-on capital from its own balance
sheet. Since its IPO in December 2014, Mercia has invested over
GBP63million directly across its portfolio of Emerging Stars.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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