Mercia Technologies PLC AGM statement (9512Q)
18 September 2017 - 4:00PM
UK Regulatory
TIDMMERC
RNS Number : 9512Q
Mercia Technologies PLC
18 September 2017
For Immediate Release 18 September 2017
Mercia Technologies PLC
("Mercia" or the "Group")
AGM Statement
Mercia Technologies PLC (AIM: MERC), the national investment
group focused on the funding and scaling of innovative technology
businesses with high growth potential from the UK regions, is today
holding its Annual General Meeting. The Non-executive Chair, Susan
Searle, will make the following remarks at the meeting:
"I am pleased to say that since our 31 March year end the
Group's direct investment portfolio has continued to make good
overall progress, with significant commercial milestones being
achieved by a number of our investee companies and syndicated
funding rounds, involving both new and existing co-investors,
completed by Impression Technologies, nDreams, Oxford Genetics and
Warwick Audio Technologies."
"Our focus remains on growing the net asset value of the Group's
direct investments by utilising Mercia's differentiated model to
create long term value for shareholders. We look forward to
updating shareholders on further positive progress throughout the
year."
Ends
For further information, please contact:
Mercia Technologies PLC
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer
www.merciatech.co.uk +44 (0)330 223 1430
Cenkos Securities plc
Stephen Keys, Camilla Hume (NOMAD) +44 (0)20 7397 8900
Buchanan
Bobby Morse, Victoria Hayns, Stephanie Watson
www.buchanan.uk.com +44 (0)20 7466 5000
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. Mercia benefits from 18 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 (now with circa
GBP336.5million under management following recent mandate wins) and
then over time Mercia can provide further funding to its 'Emerging
Stars' by deploying direct investment follow-on capital from its
own balance sheet. Since its IPO in December 2014, Mercia has
invested over GBP41.0million directly across its portfolio of
'Emerging Stars'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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