Last checked at 29 Jan 2021 07:00
RNS | 29 January 2021 |
Mercia Asset Management PLC
("Mercia", the "Company" or the "Group")
Change of Auditor
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£872million of assets under management, announces that its Board has approved the appointment of BDO LLP ("BDO") as the Company's auditor for the financial year ending 31 March 2021.
This appointment follows a competitive tender process led by the Company's Audit and Risk Committee. The re-appointment of BDO for the financial year ending 31 March 2022 will be subject to approval by shareholders at the Company's next Annual General Meeting in September 2021.
BDO replaces Deloitte LLP ("Deloitte") who have formally resigned as auditor of the Group. In accordance with Section 519 of the Companies Act 2016, Deloitte has deposited with the Company a statement confirming that there are no matters connected with it ceasing to hold office that need to be brought to the attention of members or creditors of the Company.
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) | +44 (0)20 7523 8000 |
Simon Bridges, Emma Gabriel, Richard Andrews |
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N+1 Singer (Joint Broker) | +44 (0)20 7496 3000 |
Harry Gooden, James Moat |
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FTI Consulting | +44 (0)20 3727 1051 |
Tom Blackwell, Louisa Feltes, Shiv Talwar |
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mercia@fticonsulting.com |
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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 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.£872million of assets under management and, since its IPO in December 2014, has invested c.£106million into its direct investment portfolio.
Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".