REG - Mercia Asset Mgt PLC - Grant of Options

Mercia Asset ManagementAnnouncement

05/08/2024 11:45

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RNS Number : 2032Z  Mercia Asset Management PLC  05 August 2024

 RNS  5 August 2024

 

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.£1.8billion of assets under
management, announces that options (the "Options") over a total of 950,000
new Ordinary shares with a nominal value of £0.00001 each in the capital of
the Company ("Ordinary Shares") were awarded on 2 August 2024 pursuant to the
2014 Mercia Company Share Option Plan at an exercise price of 34.8 pence per
Ordinary Share (being the closing mid-market price of an Ordinary Share on 2
August 2024). 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, 0.21 % 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 38,890,542
options in issue pursuant to the 2014 Mercia Company Share Option Plan,
equating to approximately 8.7% 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 over Ordinary Shares  Total number of options over Ordinary Shares
 Ross Gardner    PDMR - Group Financial Controller  200,000                                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.

 

 1   Details of the persons discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         (i) Ross Gardner

 2   Reason for the notification
 a)  Position/status                                              PDMR of the Company
 b)  Initial Notification /Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Mercia Asset Management PLC
 b)  Legal Entity Identifier                                      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  Ordinary shares of £0.00001 each

     Identification code

                                                                  ISIN: GB00BSL71W47
 b)  Nature of the transaction                                    Grant of options
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Exercise Price              No. of shares
     34.80                                                                                    200,000

 e)  Aggregated information                                       N/A - single transaction

     - Aggregated volume

     - Price

     - Aggregated total
 f)  Date of the transaction                                      2 August 2024
 g)  Place of the transaction                                     Outside a trading venue

 

-Ends-

 

For further information, please contact:

 

 Mercia Asset Management PLC                          +44 (0)330 223 1430

 Mark Payton, Chief Executive Officer

 Martin Glanfield, Chief Financial Officer

 www.mercia.co.uk (http://www.mercia.co.uk/)

 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
 Charles Leigh-Pemberton

 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 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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