TIDMMERC

RNS Number : 5487U

Mercia Asset Management PLC

06 April 2021

 
 RNS              6 April 2021 
 

Mercia Asset Management PLC

("Mercia" the "Company" or the "Group")

MyHealthChecked plc signs major contract

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.GBP872million of assets under management, notes today's announcement by its AIM quoted direct investment portfolio company MyHealthChecked plc (AIM: MHC), that is has signed a significant commercial contract with Boots UK Limited, the health and beauty retailer and pharmacy group.

MyHealthChecked plc is a fast growing personalised healthcare company. It became a direct investment in 2016, and, as at 30 September 2020, Mercia's 14.6% beneficial stake was valued at GBP675,000 based upon the closing bid price of 0.8 pence per share. Mercia currently holds 101,992,932 shares in MyHealthChecked plc, representing a direct beneficial stake of 14.1%.

Mark Payton, Chief Executive Officer of Mercia, said: "We are pleased to note this significant commercial milestone for MyHealthChecked plc, which will enable it to provide its expanding product range of personalised healthcare products to a much larger number of customers."

-Ends-

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 
 
   N+1 Singer (Joint Broker) 
                                                   +44 (0)20 7496 
   Harry Gooden, James Moat                                  3000 
 
                                                  +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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April 06, 2021 09:37 ET (13:37 GMT)

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