Last checked at 11 Apr 2019 09:41
RNS | 11 April 2019 |
Mercia Technologies PLC
("Mercia", the "Group" or the "Company")
PDMR Dealing
Mercia Technologies PLC (AIM: MERC), the national investment group focused on the identification, creation, funding and scaling of innovative technology businesses with high growth potential from the UK regions, announces that it has received a notification of the following transaction relating to Ordinary shares of £0.00001 each in the capital of Mercia ("Ordinary Shares") by a PDMR of the Company as follows:
· Peter Dines, Chief Operating Officer of the Company, became beneficially interested in a further 41,000 Ordinary Shares. The Shares were bought on his behalf on 10 April 2019 at 36.0p per share.
Following the above transaction, Peter Dines is beneficially interested in the following number of Ordinary Shares:
PDMR | Number of Ordinary Shares | Percentage of issued Ordinary share capital |
Peter Dines | 86,551 | 0.03% |
The notification below is made in accordance with the requirements of the Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Peter Dines | ||||
2 | Reason for the notification | |||||
a) | Position / status | Chief Operating Officer (PDMR) | ||||
b) | Initial notification / amendment | Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Mercia Technologies 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 Identification code | Ordinary shares of £0.00001 each ISIN: GB00BSL71W47 | ||||
b)
| Nature of the transaction
| Acquisition of 41,000 Ordinary shares | ||||
c)
| Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction | ||||
e) | Date of the transaction | 10 April 2019, UK | ||||
f) | Place of the transaction | AIM (AIMX) | ||||
For further information, please contact:
Mercia Technologies PLC | +44 (0)330 223 1430 |
Mark Payton, Chief Executive Officer |
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Martin Glanfield, Chief Financial Officer |
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www.merciatech.co.uk |
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Canaccord Genuity Limited | +44 (0)20 7523 8000 |
Simon Bridges, Emma Gabriel (NOMAD and Broker) |
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Buchanan | +44 (0)20 7466 5000 |
Chris Lane, Vicky Hayns, Stephanie Watson, Catriona Flint |
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www.buchanan.uk.com |
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About Mercia Technologies PLC
Mercia is a national investment group focused on the funding and scaling of innovative technology businesses with high growth potential from the UK regions. The Group benefits from 19 university partnerships and offices across the Midlands, the North of England and Scotland providing it with access to high quality, regional deal flow. Mercia Technologies PLC is quoted on AIM with the epic "MERC".
Mercia's 'Complete Capital Solution' initially nurtures businesses via its third-party funds and 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. Mercia has c.£500million of assets under management and, since its IPO in December 2014, has invested over £74million across its direct investment portfolio.