Mercia Asset Management
PLC
("Mercia", the "Group" or the
"Company")
AGM
Statement
Mercia Asset Management PLC (AIM:
MERC), the proactive, regionally focused specialist alternative
asset manager with over £1.8billion of assets under management, is
holding its Annual General Meeting at 10.00 am today. The
Non-executive Chair, Ian Metcalfe, will make the following remarks
at the meeting:
"Mercia has made a positive start to
the current financial year across both its equity and debt fund
portfolios, including the Group's five new British Business Bank
mandates. We are encouraged by our deal pipelines and the Group
remains well placed to continue to deploy capital across our fund
portfolios, by supporting both existing portfolio companies, as
well as adding new investments, as a result of our continuing
significant liquidity.
"Our debt free balance sheet cash
position of over £43million remains strong, together with its
resultant yield. We therefore remain optimistic for continuing
profitable progress across the Group during the second half of the
current financial year."
-Ends-
For
further information, please contact:
|
Mercia Asset Management PLC
Mark Payton, Chief Executive
Officer
Martin Glanfield, Chief Financial
Officer
www.mercia.co.uk
|
+44 (0)330 223 1430
|
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Canaccord Genuity Limited (NOMAD and Joint
Broker)
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+44 (0)20 7523 8000
|
|
Simon Bridges, Emma
Gabriel
|
|
|
|
|
|
Singer Capital Markets (Joint Broker)
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+44 (0)20 7496 3000
|
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Charles Leigh-Pemberton
|
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FTI
Consulting
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+44 (0)20 3727 1051
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Tom Blackwell, Jenny Boyd
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mercia@fticonsulting.com
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About Mercia Asset Management PLC
Mercia is a proactive, specialist
alternative asset manager focused on supporting regional SMEs to
achieve their growth aspirations. Mercia provides capital across
its four asset classes of venture, private equity, debt and
proprietary capital: the Group's 'Complete Connected
Capital'.
The Group has a strong UK footprint
through its regional offices, university partnerships and extensive
personal networks, providing it with access to high-quality deal
flow.
Mercia Asset Management PLC is
quoted on AIM with the EPIC "MERC".
