Last checked at 25 Mar 2015 07:00
25 March 2015
Mercia Technologies PLC
Matt Mead appointed Chief Investment Officer
Mercia Technologies PLC (AIM: MERC, "Mercia" or the "Group"), a Midlands based leader in the funding and commercialisation of technology businesses in the UK, is pleased to announce that Matt Mead has been appointed Chief Investment Officer with effect from 26 May 2015.
Matt has over 20 years' experience in the investment industry and is a seasoned board executive, having been a non-executive director and non-executive Chairman at over 15 early stage and growth businesses.
He worked at 3i from 1995 to 2009 making early stage investments in software and other technology businesses. He also successfully directed 3i's pan European Venture portfolio team returning a significant level of proceeds in two years and managed the disposal of 3i's Venture Portfolio in a series of secondary transactions.
He subsequently joined NESTA as Managing Director Investments to run its £30m Venture Capital Fund and in 2010 was appointed CIO, managing all investment activity at NESTA, including its £350m Trust assets and its social impact investment funds.
Mark Payton, Chief Executive of Mercia Technologies PLC, said:
"I am delighted to welcome Matt to Mercia Technologies as CIO. He has an excellent track record in all stages of the investment process - from identifying quality early stage opportunities, through to nurturing and scaling growth businesses for successful exit.
"With his broad expertise and experience, backed by a strong reputation as a smart and effective investor in emerging, innovative businesses, Matt is a valuable addition to our executive team, as we continue to develop our business into 2015."
Enquiries:
Mercia Technologies PLC (www.merciatechnologies.com) | +44 (0) 330 223 1430 |
Mark Payton, Chief Executive | |
Cenkos Securities | +44 (0) 20 7397 8900 |
Ivonne Cantu / Mark Connelly | |
Instinctif Partners | +44 (0) 20 7457 2020 |
Adrian Duffield / Kay Larsen |
Other than the following details, there are no further details in relation to Matthew Mead to be disclosed under Rule 17 and Schedule 2 paragraph (g) of the AIM Rules.
Matthew Sidney Mead aged 50, is currently a director of the following companies:
· Kiln Ventures Limited
· Cogbooks Limited
During the five year period up to the date of this announcement Mathew has also served as a director of the following companies of which he is no longer a director:
· Nesta Partners limited
· Nesta GP Limited
· UK Business Angels Association
· Featurespace limited
· Movellas APS
Note to editors
Mercia Technologies PLC
Mercia creates, funds and develops technology businesses nationally with an emphasis in the Midlands and the North of the UK. It brings technology transfer, company formation, incubation, commercialisation and investment, to technology ventures.
Mercia has a well seeded portfolio and pipeline of investments. The Group has a direct investment in 11 operating companies and access to a portfolio of 38 businesses through its third party funds, managed by its wholly owned subsidiary Mercia Fund Management.
Mercia's shares started trading on AIM on 18 December 2014.