Mercia Asset Management PLC MyHealthChecked plc signs major contract (5487U)
April 06 2021 - 8:37AM
UK Regulatory
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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END
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