Mercia Asset Management PLC Director/PDMR Dealings (2410R)
March 04 2021 - 10:09AM
UK Regulatory
TIDMMERC
RNS Number : 2410R
Mercia Asset Management PLC
04 March 2021
RNS 4 March 2021
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
Director/PDMR Dealings
Mercia Asset Management PLC (AIM: MERC), the proactive,
regionally focused specialist asset manager with c.GBP872million of
assets under management, announces that it has received
notifications of the following transactions relating to Ordinary
shares of GBP0.00001 each in the capital of Mercia ("Ordinary
Shares") by Directors and PDMRs of the Company as follows:
-- Diane Seymour-Williams, a Non-executive Director of the
Company, has become beneficially interested in 250,000 Ordinary
Shares. The Shares were bought by her on 3 March 2021 at 29.75p per
share.
-- Forward Nominees Limited, an entity closely associated with
Ray Chamberlain, a Non-executive Director of the Company, has sold
830,000 Ordinary Shares. The Shares were sold on 3 March 2021 at
30.00p per share by non-Chamberlain family shareholders. None of
the shares sold were held personally by Ray Chamberlain.
Following the above transactions, Diane Seymour-Williams and Ray
Chamberlain are beneficially interested in the following number of
Ordinary Shares:
Director/PDMR Number of Ordinary Percentage of issued
Shares Ordinary share capital
Diane Seymour-Williams 250,000 0.06%
------------------- ------------------------
Ray Chamberlain 65,194,766 14.81%
------------------- ------------------------
The notifications below are made in accordance with the
requirements of the Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Diane Seymour-Williams
--------------------------- -----------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position / status Director (PDMR)
--------------------------- -----------------------------------
b) Initial notification Initial
/ amendment
--------------------------- -----------------------------------
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 Ordinary shares of GBP0.00001 each
the financial instrument,
type of instrument
Identification ISIN: GB00BSL71W47
code
--------------------------- -----------------------------------
b) Nature of the transaction Acquisition of 250,000 shares
--------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
29.75p per
share 250,000
----------
--------------------------- -----------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--------------------------- -----------------------------------
e) Date of the transaction 3 March 2021, UK
--------------------------- -----------------------------------
f) Place of the transaction AIM (AIMX)
--------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ray Chamberlain/Forward Nominees Limited
--------------------------- -----------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position / status Director (PDMR)
--------------------------- -----------------------------------------
b) Initial notification Initial
/ amendment
--------------------------- -----------------------------------------
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 Ordinary shares of GBP0.00001 each
the financial instrument,
type of instrument
Identification
code ISIN: GB00BSL71W47
--------------------------- -----------------------------------------
b) Nature of the transaction Sale of 830,000 shares
--------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
30.00p per
share 830,000
----------
--------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--------------------------- -----------------------------------------
e) Date of the transaction 3 March 2021, UK
--------------------------- -----------------------------------------
f) Place of the transaction AIM (AIMX)
--------------------------- -----------------------------------------
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.GBP872million of assets under management
and, since its IPO in December 2014, has invested c.GBP106million
gross into its direct investment portfolio.
Mercia Asset Management PLC is quoted on AIM with the EPIC
"MERC".
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