TIDMMERC

RNS Number : 0343R

Mercia Technologies PLC

12 June 2018

RNS 12 June 2018

Mercia Technologies PLC

("Mercia", "the Group" or the "Company")

Board Appointment

Mercia Technologies PLC (AIM: MERC), the national investment group focused on the creation, identification, funding and scaling of innovative technology businesses with high growth potential from the UK regions, announces that Caroline Plumb OBE has been appointed as a Non-executive Director of the Company with immediate effect.

Caroline is a serial entrepreneur. Having graduated with a first-class honours MEng degree from the University of Oxford in 2000 Caroline co-founded FreshMinds, an award-winning recruitment and innovation consultancy specialising in consumer insight, market research and product development. She remains involved with FreshMinds as non-executive chair and is also CEO of Fluidly, a fintech SaaS business that helps SMEs plan and manage their cash flow, which she co-founded in 2016 and has successfully raised investment capital from both UK and US investors.

Caroline was awarded an OBE in the 2016 Birthday Honours' list for services to Business and Charity and currently serves as one of the UK government's c50 Business Ambassadors, representing the UK's Professional and Business Services sectors.

Susan Searle, Non-executive Chair of Mercia Technologies PLC said:

"On behalf of the Board, I am delighted to welcome Caroline to Mercia as a Non-executive Director. Caroline's track record of helping early-stage technology businesses to scale will be of significant value to the Group. Caroline brings extensive experience as a highly successful businesswoman and entrepreneur. The Board is looking forward to working with her as we continue to strengthen our position as a leading provider of Complete Capital in the key regions of the Midlands, the North of England and Scotland."

Pursuant to Schedule 2 (g) of the AIM Rules for Companies, Caroline Bayantai Plumb (aged 39) has held the following directorships or partnerships in the past five years:

Current

   --     Fresh Minds Limited 
   --     Fresh Minds Talent Limited 
   --     Fresh Minds (Trustee) Limited 
   --     Fluidly Limited

Previous

   --     Fresh Networks Global Limited (dissolved)

There is no further information required to be disclosed in respect of the above appointment pursuant to Rule 17 and Schedule 2 (g) of the AIM Rules for Companies.

For further information, please contact

 
 Mercia Technologies PLC                 +44 (0)330 223 1430 
 Mark Payton, Chief Executive Officer 
 Martin Glanfield, Chief Financial 
  Officer 
 www.merciatech.co.uk 
 
 Cenkos Securities plc                   +44 (0)20 7397 8900 
 Stephen Keys, Camilla Hume (NOMAD 
  and Joint Broker) 
 
 Canaccord Genuity Limited               +44 (0)20 7523 8000 
 Simon Bridges, Emma Gabriel (Joint 
  Broker) 
 
 Buchanan                                +44 (0)20 7466 5000 
 Bobby Morse, Chris Lane, Stephanie 
  Watson 
 www.buchanan.uk.com

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 19 university partnerships and nine 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 GBP350.0million 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 GBP46.0million directly across its portfolio of 'Emerging Stars'.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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