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Pin to quick picksMercia Asset Share News (MERC)

Share Price Information for Mercia Asset (MERC)

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Share Price: 33.80
Bid: 33.00
Ask: 34.60
Change: -0.20 (-0.59%)
Spread: 1.60 (4.848%)
Open: 34.00
High: 34.00
Low: 33.80
Prev. Close: 34.00
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Mercia invests in battery innovator Faradion

Wed, 18th Jan 2017 12:14

(ShareCast News) - Innovative technology investment group Mercia Technologies announced a new direct investment of up to £1.9m in Faradion, a company focused on the development and commercialisation of advanced, low-cost battery materials, on Wednesday.The AIM-traded company said the investment is part of a syndicated investment round of up to £3.2m alongside existing shareholders which include Finance Yorkshire Seedcorn Fund and industry partner, Haldor Topsoe.Faradion has been identified by Mercia as an 'Emerging Star' from the Enterprise Ventures managed funds portfolio.EV was acquired by Mercia in March 2016 and Faradion is now the third new 'Emerging Star' to have emanated from these funds.Mercia has invested an initial tranche of £1.3m which represents an equity holding of 13.6%.Dependent on the completion of specific performance related milestones, a second tranche of £0.6m will be invested within the next 18 months.The board said the current investment round will be used to commercialise Faradion's lead product - a novel, low-cost sodium-ion battery technology from which Mercia believes significant value will be derived over time."This new investment by Mercia comes at a particularly crucial stage for Faradion as we look to move from the laboratory to large scale prototype production," said Faradion CEO Francis Massin."The benefits of sodium-ion battery technology have already been established in a laboratory setting, however this financial support will allow us to demonstrate that the technology can be manufactured at scale."We look forward to developing our new partnership with Mercia, which has shown great confidence in our technology."Mark Payton, chief executive officer of Mercia Technologies, said the company was delighted to make its first direct investment into Faradion."Faradion is the third company to have been sourced by the excellent team at Enterprise Ventures and added to the group's direct investment portfolio, once again demonstrating the potential of disruptive technology businesses, sourced from the UK regions."It is another example of Mercia supporting truly innovative UK businesses, from early development through our managed funds, followed by the deployment of direct capital to scale the commercial potential of the investee company."
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10 Apr 2024 12:00

Mercia Asset Management reports record fund inflows

(Sharecast News) - Mercia Asset Management released its trading summary for the financial year ended 31 March on Wednesday, with organic fund inflows surpassing £0.5bn, marking a record and reflecting a 40% surge in third-party funds under management since the start of the financial year.

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10 Apr 2024 11:20

Mercia Asset Management hails portfolio's annual performance

(Alliance News) - Mercia Asset Management PLC on Wednesday said it had achieved a record level of organic fund inflows in its latest financial year in the face of a "challenging market backdrop".

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22 Mar 2024 14:07

DIRECTOR DEALINGS: Hollywood Bowl COO Lewis sells 180,000 shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:

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21 Mar 2024 19:05

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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21 Mar 2024 13:38

Mercia Asset Management secures two new BBB mandates

(Sharecast News) - Mercia Asset Management announced an expanded role in bolstering regional business growth on Thursday, with the acquisition of two new fund mandates from the British Business Bank (BBB).

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14 Mar 2024 15:17

EARNINGS AND TRADING: Smarttech247 and Beeks in deal boosts

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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14 Mar 2024 13:22

Mercia Asset Management invests further in three portfolio firms

(Sharecast News) - Mercia Asset Management announced the completion of syndicated funding rounds into three existing direct investments on Thursday, totalling £5.7m.

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13 Mar 2024 18:18

TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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29 Feb 2024 13:18

Mercia Asset Management to manage three BBB Midlands mandates

(Alliance News) - Mercia Asset Management PLC on Thursday said it has been selected to manage three British Business Bank Midlands funds.

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28 Nov 2023 17:03

EARNINGS: Loungers says not all "doom and gloom" for hospitality

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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21 Nov 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 22 November 
Bodycote PLCTrading Statement
Breedon Group PLCTrading Statement
Britvic PLCFull Year Results
Coats Group PLCTrading Statement
Grainger PLCFull Year Results
Helical PLCHalf Year Results
HICL Infrastructure PLCHalf Year Results
Johnson Matthey PLCHalf Year Results
Kingfisher PLCQ3 Results
Molten Ventures PLCHalf Year Results
NextEnergy Solar Fund LtdHalf Year Results
Redcentric PLCHalf Year Results
Rotork PLCTrading Statement
Sage Group PLCFull Year Results
Severn Trent PLCHalf Year Results
Shearwater Group PLCHalf Year Results
Speedy Hire PLCHalf Year Results
Ten Lifestyle Group PLCFull Year Results
Tremor International LtdQ3 Results
TT Electronics PLCTrading Statement
Victorian Plumbing Group PLCFull Year Results
Thursday 23 November 
Alpha Financial Markets Consulting PLCHalf Year Results
First Property Group PLCHalf Year Results
FirstGroup PLCHalf Year Results
Intertek Group PLCTrading Statement
Jet2 PLCHalf Year Results
LondonMetric Property PLCHalf Year Results
Mitie Group PLCHalf Year Results
Motorpoint Group PLCHalf Year Results
NewRiver REIT PLCHalf Year Results
PayPoint PLCHalf Year Results
Princess Private Equity Holding LtdQ3 Results
Virgin Money UK PLCFull Year Results
Volex PLCHalf Year Results
XPS Pensions Group PLCHalf Year Results
Friday 24 November 
no events scheduled 
Monday 27 November 
Celebrus Technologies PLCHalf Year Results
DSW Capital PLCHalf Year Results
JLEN Environmental Assets Group LtdHalf Year Results
Northern Bear PLCHalf Year Results
Rightmove PLCTrading Statement
Serinus Energy PLCQ3 Results
SysGroup PLCHalf Year Results
Tuesday 28 November 
Altitude Group PLCHalf Year Results
Augmentum FintechHalf Year Results
Brickability Group PLCHalf Year Results
DP Eurasia NVTrading Statement
easyJet PLCFull Year Results
Focusrite PLCFull Year Results
Greencore Group PLCFull Year Results
IG Design Group PLCHalf Year Results
Kinovo PLCHalf Year Results
Loungers PLCHalf Year Results
Mercia Asset Management PLCHalf Year Results
Pets At Home Group PLCHalf Year Results
Renew Holdings PLCFull Year Results
Safestore Holdings PLCTrading Statement
Supreme PLCHalf Year Results
Topps Tiles PLCFull Year Results
Treatt PLCFull Year Results
Vp PLCHalf Year Results
Watkin Jones PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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20 Nov 2023 17:58

TRADING UPDATES: Begbies to meet expectations; McBride shines

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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20 Nov 2023 14:33

Mercia announces sale of VR specialist nDreams

(Sharecast News) - Mercia Asset Management announced the sale of nDreams to Aonic on Monday for an enterprise value of £90.3m.

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18 Oct 2023 11:57

Mercia Asset Management completes GBP4.4 million Netacea funding round

(Alliance News) - Mercia Asset Management PLC on Wednesday said it completed a GBP4.4 million funding round into Netacea Group Ltd, with Mercia contributing GBP1.6 million of that.

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21 Sep 2023 14:37

Mercia Asset Management reports solid start to year

(Sharecast News) - Mercia Asset Management reported a strong start to the financial year in an update on Thursday, with a consistent performance across its asset classes.

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