Mercia Asset Management
PLC
("Mercia", the "Company" or
the "Group")
Transaction in Own
Shares
Mercia Asset Management PLC (AIM:
MERC), the
proactive, regionally focused specialist asset manager with over
£1.5 billion of assets under management, announces that it has made the
following purchases of Ordinary shares in the capital of the
Company ("Ordinary shares")
on the London Stock Exchange, pursuant to the Share Buyback
Programme announced on 28 November 2023.
|
Date of purchase
|
16
May 2024
|
|
Number of Ordinary shares purchased
(aggregated volume):
|
100,000
|
|
Highest price paid per Ordinary
share (pence):
|
33.30
|
|
Lowest price paid per Ordinary share
(pence):
|
33.30
|
|
Volume weighted average price paid
per Ordinary share (pence):
|
33.30
|
|
Venue where Ordinary shares are
traded
|
London Stock Exchange
(AIM)
|
The Company will hold the
repurchased shares in treasury. Following the purchase, the number
of Ordinary shares in issue and admitted to trading on AIM will
be 432,008,109 (excluding treasury shares), and the Company will hold
14,671,414 Ordinary shares
in treasury.
This figure of 432,008,109 Ordinary shares may be
used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
The Company will make further
announcements in due course following the completion of any further
purchases pursuant to the Share Buyback Programme.
In accordance with Article 5(1)(b)
of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the
schedule below contains detailed information about the purchases
made by Singer Capital Markets on behalf of the Company.
Individual transactions:
|
Number of shares
purchased
|
Transaction price (pence per
share)
|
Time of
transaction
|
Trading
venue
|
|
100,000
|
33.30
|
08:09:24
|
London
Stock Exchange
(AIM)
|
- 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
|
|
|
|
|
|
Singer Capital Markets (Joint Broker)
|
+44 (0)20
7496 3000
|
|
Harry Gooden, James Moat
|
|
|
|
|
|
FTI
Consulting
|
+44 (0)20 3727 1051
|
|
Tom Blackwell, Jenny Boyd
|
|
|
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 venture, private equity, debt and proprietary 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, university partnerships and extensive
personal networks, providing it with access to high-quality deal
flow.
Mercia Asset Management PLC is
quoted on AIM with the EPIC "MERC".