Mercia Asset Management PLC Board Appointment (0130E)
November 03 2020 - 1:00AM
UK Regulatory
TIDMMERC
RNS Number : 0130E
Mercia Asset Management PLC
03 November 2020
RNS
3 November 2020
Mercia Asset Management PLC
("Mercia", "the Group" or the "Company")
Board Appointment
Mercia Asset Management PLC (AIM: MERC), the proactive,
regionally focused, specialist asset manager with c.GBP800million
of assets under management, today announces that Diane
Seymour-Williams has been appointed as a Non-executive Director of
the Company with immediate effect.
Diane is a non-executive director of Standard Life Private
Equity Trust plc, PraxisIFM Group Limited and SEI Investments
(Europe) Ltd and is a director of Acorn Capital Advisers Limited.
Most recently Diane was also a non-executive director of Brooks
Macdonald Group Plc, serving a nine-year tenure. Diane has
significant industry experience, having worked at Deutsche Asset
Management Group (previously Morgan Grenfell) for over 23 years
where she held various senior positions, including CIO and CEO for
Asia. Diane subsequently spent nine years at LGM Investments
Limited, a specialist global emerging and frontier markets equities
manager, where she was global head of relationship management. Her
non-executive experience spans the quoted wealth and asset
management, global equity, private equity, investment services and
VCT sectors. She is a pro-bono member of the Investment Committees
of Newnham College, Cambridge and the Canal & River Trust.
Ian Metcalfe, Non-executive Chair of Mercia Asset Management
PLC, said:
"I am delighted to welcome Diane to our Board. She has
longstanding and deep experience in the funds and asset management
space, and she has a very good understanding of the sectors in
which we operate, notably Venture Capital Trusts and other
closed-end funds. I have no doubt that she will make a strong
contribution to our Board debates as Mercia continues to prove out
its model and we work towards fulfilling its strategic objectives.
I also believe that Diane will broaden the diversity of the Board's
thinking and prove to be an excellent addition to Mercia Asset
Management."
Pursuant to Schedule 2(g) of the AIM Rules for Companies, Diane
Seymour-Williams (née Wilson) (aged 61 ) has held the following
directorships and partnerships in the past five years:
Current (as at 3 November 2020)
-- Acorn Capital Advisers Limited
-- DSW Advisory Partners Limited
-- DSW Capital Partners Limited
-- PraxisIFM Group Limited
-- SEI Investments (Europe) Ltd
-- Standard Life Private Equity Trust plc
Previous (last five years)
-- Baillie Gifford China Growth Trust Plc (previously Witan Pacific Investment Trust Plc)
-- BMO Investments (Ireland) Public Limited Company
-- BMO Investments (Ireland) II Public Limited Company
-- Brooks Macdonald Group Plc
-- Calculus VCT Plc
-- LG China Fund Public Limited Company
-- LGM Investments Limited
-- Neptune-Calculus Income and Growth VCT Plc
Diane Seymour-Williams does not hold any shares in the
Company.
There is no further information required to be disclosed in
respect of the above appointment pursuant to Rule 17 and Schedule
2(g) of the AIM Rules for Companies.
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, Richard Andrews
+44 (0)20 7496
N+1 Singer (Joint Broker) 3000
Harry Gooden, James Moat
+44 (0)20 3727
FTI Consulting 1051
Tom Blackwell, Louisa Feltes, Shiv Talwar
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 balance
sheet, venture, private equity and debt 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, 19 university partnerships and extensive personal
networks, providing it with access to high-quality deal flow.
Mercia currently has c.GBP800million of assets under management
and, since its IPO in December 2014, has invested over GBP96million
into its direct investment portfolio.
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