Mercia Asset Regulatory News (MERC)

Mercia Asset Management PLC

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

AGM Statement

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£1.4billion of assets under management, is today holding its Annual General Meeting. 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 its asset classes and their resultant recurring revenue streams. The Group remains well placed to support existing funds' portfolio companies, as well as adding new investments to those portfolios as a result of our continuing Group-wide liquidity position and strong deal origination capabilities.

"We are carefully managing our balance sheet cash position of c.£35million, together with its increasing yield, whilst maintaining support for our existing, maturing direct investments. We remain optimistic for continuing progress across the Group during the second half of the current financial year."

-Ends-

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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 venture, private equity, debt and proprietary 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, 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".