Last checked at 6 Apr 2021 14:37
RNS | 6 April 2021 |
Mercia Asset Management PLC
("Mercia" the "Company" or the "Group")
MyHealthChecked plc signs major contract
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£872million of assets under management, notes today's announcement by its AIM quoted direct investment portfolio company MyHealthChecked plc (AIM: MHC), that is has signed a significant commercial contract with Boots UK Limited, the health and beauty retailer and pharmacy group.
MyHealthChecked plc is a fast growing personalised healthcare company. It became a direct investment in 2016, and, as at 30 September 2020, Mercia's 14.6% beneficial stake was valued at £675,000 based upon the closing bid price of 0.8 pence per share. Mercia currently holds 101,992,932 shares in MyHealthChecked plc, representing a direct beneficial stake of 14.1%.
Mark Payton, Chief Executive Officer of Mercia, said: "We are pleased to note this significant commercial milestone for MyHealthChecked plc, which will enable it to provide its expanding product range of personalised healthcare products to a much larger number of customers."
-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
|
Canaccord Genuity Limited (NOMAD and Joint Broker) | +44 (0)20 7523 8000 |
Simon Bridges, Emma Gabriel |
|
|
|
N+1 Singer (Joint Broker) |
|
Harry Gooden, James Moat
| +44 (0)20 7496 3000 |
|
|
FTI Consulting | +44 (0)20 3727 1051 |
Tom Blackwell, Louisa Feltes, Shiv Talwar |
|
mercia@fticonsulting.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 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 gross into its direct investment portfolio.
Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".