Mercia Asset Management PLC Grant of Options (2867J)
15 Agosto 2023 - 8:00AM
UK Regulatory
TIDMMERC
RNS Number : 2867J
Mercia Asset Management PLC
15 August 2023
RNS 15 August 2023
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
Grant of Options
Mercia Asset Management PLC (AIM: MERC), the proactive,
regionally focused specialist asset manager with c.GBP1.4billion of
assets under management, announces that options (the "Options")
over a total of 8,094,000 new Ordinary shares with a nominal value
of GBP0.00001 each in the capital of the Company ("Ordinary
Shares") were awarded yesterday pursuant to the 2014 Mercia Company
Share Option Plan at an exercise price of 26.80p per Ordinary Share
(being the closing mid-market price of an Ordinary Share on 14
August 2023). The Options will, subject to the satisfaction of the
performance condition, vest in three equal tranches on the third,
fourth and fifth anniversary of the date of grant of the
Options.
The Options represent, in aggregate, 1.81% of the existing
Ordinary share capital of the Company and have been issued to a
number of employees of the Company, including one person
discharging managerial responsibilities ("PDMR").
Following the grant of these Options, the Company has a total of
36,198,530 options in issue pursuant to the 2014 Mercia Company
Share Option Plan, equating to approximately 8.11% of the existing
issued Ordinary share capital of the Company.
Following the grant of these Options, the PDMR holds the
following options:
Name Role Grant of Options Total number
over Ordinary of options over
Shares Ordinary Shares
PDMR - Group Financial
Ross Gardner Controller 50,000 250,000
------------------------- ----------------- -----------------
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by person
discharging managerial responsibilities.
Details of the persons discharging managerial responsibilities/person
1 closely associated
a) Name (i) Ross Gardner
--------------------------------------- --------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------
a) Position/status PDMR of the Company
--------------------------------------- --------------------------------------
b) Initial Notification Initial Notification
/Amendment
--------------------------------------- --------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Mercia Asset Management PLC
--------------------------------------- --------------------------------------
b) Legal Entity Identifier 213800A1Q4CF57NECG66
--------------------------------------- --------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary shares of GBP0.00001 each
the financial instrument,
type of instrument
Identification ISIN: GB00BSL71W47
code
--------------------------------------- --------------------------------------
b) Nature of the transaction Grant of options
--------------------------------------- --------------------------------------
c) Currency GBP
--------------------------------------- --------------------------------------
d) Price(s) and volume(s) Exercise No. of shares
Price
--------------------------------------- ---------------- --------------------
GBP0.268 50,000
------------------------------------------------------------- --------------------
e) Aggregated information N/A - single transaction
- Aggregated volume
- Price
- Aggregated total
--------------------------------------- --------------------------------------
f) Date of the transaction 14 August 2023
--------------------------------------- --------------------------------------
g) Place of the transaction Outside a trading venue
--------------------------------------- --------------------------------------
-Ends-
For further information, please contact:
Mercia Asset Management PLC
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer +44 (0)330 223
www.mercia.co.uk 1430
Canaccord Genuity Limited (NOMAD and Joint +44 (0)20 7523
Broker) 8000
Simon Bridges, Emma Gabriel
+44 (0)20 7496
Singer Capital Markets (Joint Broker) 3000
Harry Gooden, James Moat
+44 (0)20 3727
FTI Consulting 1051
Tom Blackwell, Immy Ransom
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".
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END
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