Last checked at 23 Dec 2019 09:49
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF IRELAND, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
23 December 2019
Mercia Asset Management PLC
("Mercia" or the "Company")
Director/PDMR Dealings
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager, announces that, further to the announcement made on 3 December 2019 regarding the proposed Placing and Acquisition, the following Directors and PDMRs subscribed for Ordinary Shares pursuant to the Placing as outlined below:
Director | No. of Ordinary Shares subscribed for pursuant to the Placing | Resulting holding of Ordinary Shares | % of Enlarged Share Capital following the Placing and Acquisition |
Ian Metcalfe | 60,000 | 192,609 | 0.04% |
Dr Mark Payton | 100,000 | 6,799,653 | 1.54% |
Martin Glanfield* | 200,000 | 543,369 | 0.12% |
Julian Viggars* | 100,000 | 582,325 | 0.13% |
Ray Chamberlain | 4,000,000 | 64,824,766 | 14.73% |
Caroline Plumb OBE | 40,000 | 40,000 | 0.01% |
Peter Dines** | 100,000 | 186,551 | 0.04% |
Total | 4,600,000 | 73,169,273 | 16.61% |
\* To be held via a SIPP
** A PDMR and non-Board Director
The definitions referenced in this announcement remain in line with those from the announcement published at 7.01 a.m. (UK) on 3 December 2019, unless otherwise stated.
For further information, please contact:
Mercia Asset Management PLC | +44 (0)330 223 1430 |
Mark Payton, Chief Executive Officer | |
Martin Glanfield, Chief Financial Officer | |
www.mercia.co.uk | |
Canaccord Genuity Limited (NOMAD, Joint Bookrunner and Joint Broker) | +44 (0)20 7523 8000 |
Simon Bridges, David Tyrrell, Richard Andrews | |
N+1 Singer (Joint Bookrunner and Joint Broker) | |
Harry Gooden, Peter Steel, James Moat | +44 (0)20 7496 3000 |
Buchanan Communications | +44 (0)20 7466 5000 |
Chris Lane, Vicky Hayns, Stephanie Watson | |
www.buchanan.uk.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 Capital Solution'. 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 regional footprint through its eight offices, 19 university partnerships and extensive personal networks, providing it with access to high-quality deal flow. Mercia has c.£500million of assets under management and, since its IPO in December 2014, has invested over £90million across its direct investment portfolio.
Mercia Asset Management PLC is quoted on AIM with the epic "MERC".
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Ian Metcalfe |
2 | Reason for the notification | |
a) | Position/status | Non-executive Chair |
b) | Initial notification/amendment | Initial |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Mercia Asset Management PLC |
b) | LEI | 213800A1Q4CF57NECG66 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.001 pence each |
Identification code | ISIN: GB00BSL71W47 | |
b) | Nature of the transaction | Purchase of 60,000 Ordinary Shares, via the Placing |
c) | Price(s) and volume(s) | N/A - single transaction |
d)
| Aggregated information | |
- Aggregated volume - Price - Total
| 60,000 25p £15,000.00 | |
e) | Date of the transaction | 23 December 2019 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Dr Mark Payton |
2 | Reason for the notification | |
a) | Position/status | Chief Executive Officer |
b) | Initial notification/amendment | Initial |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Mercia Asset Management PLC |
b) | LEI | 213800A1Q4CF57NECG66 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.001 pence each |
Identification code | ISIN: GB00BSL71W47 | |
b) | Nature of the transaction | Purchase of 100,000 Ordinary Shares, via the Placing |
c) | Price(s) and volume(s) | N/A - single transaction |
d)
| Aggregated information | |
- Aggregated volume - Price - Total
| 100,000 25p £25,000.00 | |
e) | Date of the transaction | 23 December 2019 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Martin Glanfield |
2 | Reason for the notification | |
a) | Position/status | Chief Financial Officer |
b) | Initial notification/amendment | Initial |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Mercia Asset Management PLC |
b) | LEI | 213800A1Q4CF57NECG66 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.001 pence each |
Identification code | ISIN: GB00BSL71W47 | |
b) | Nature of the transaction | Purchase of 200,000 Ordinary Shares, via the Placing |
c) | Price(s) and volume(s) | N/A - single transaction |
d)
| Aggregated information | |
- Aggregated volume - Price - Total
| 200,000 25p £50,000.00 | |
e) | Date of the transaction | 23 December 2019 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Julian Viggars |
2 | Reason for the notification | |
a) | Position/status | Chief Investment Officer |
b) | Initial notification/amendment | Initial |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Mercia Asset Management PLC |
b) | LEI | 213800A1Q4CF57NECG66 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.001 pence each |
Identification code | ISIN: GB00BSL71W47 | |
b) | Nature of the transaction | Purchase of 100,000 Ordinary Shares, via the Placing |
c) | Price(s) and volume(s) | N/A - single transaction |
d)
| Aggregated information | |
- Aggregated volume - Price - Total
| 100,000 25p £25,000.00 | |
e) | Date of the transaction | 23 December 2019 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Ray Chamberlain |
2 | Reason for the notification | |
a) | Position/status | Non-executive Director |
b) | Initial notification/amendment | Initial |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Mercia Asset Management PLC |
b) | LEI | 213800A1Q4CF57NECG66 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.001 pence each |
Identification code | ISIN: GB00BSL71W47 | |
b) | Nature of the transaction | Purchase of 4,000,000 Ordinary Shares, via the Placing |
c) | Price(s) and volume(s) | N/A - single transaction |
d)
| Aggregated information | |
- Aggregated volume - Price - Total
| 4,000,000 25p £1,000,000.00 | |
e) | Date of the transaction | 23 December 2019 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Caroline Plumb OBE |
2 | Reason for the notification | |
a) | Position/status | Non-executive Director |
b) | Initial notification/amendment | Initial |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Mercia Asset Management PLC |
b) | LEI | 213800A1Q4CF57NECG66 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.001 pence each |
Identification code | ISIN: GB00BSL71W47 | |
b) | Nature of the transaction | Purchase of 40,000 Ordinary Shares, via the Placing |
c) | Price(s) and volume(s) | N/A - single transaction |
d)
| Aggregated information | |
- Aggregated volume - Price - Total
| 40,000 25p £10,000.00 | |
e) | Date of the transaction | 23 December 2019 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Peter Dines |
2 | Reason for the notification | |
a) | Position/status | PDMR |
b) | Initial notification/amendment | Initial |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Mercia Asset Management PLC |
b) | LEI | 213800A1Q4CF57NECG66 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.001 pence each |
Identification code | ISIN: GB00BSL71W47 | |
b) | Nature of the transaction | Purchase of 100,000 Ordinary Shares, via the Placing |
c) | Price(s) and volume(s) | N/A - single transaction |
d)
| Aggregated information | |
- Aggregated volume - Price - Total
| 100,000 25p £25,000.00 | |
e) | Date of the transaction | 23 December 2019 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |