TIDMMERC

RNS Number : 6860V

Mercia Technologies PLC

10 April 2019

 
 RNS              10 April 2019 
 

Mercia Technologies PLC

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

Director/PDMR Dealings

Mercia Technologies PLC (AIM: MERC), the national investment group focused on the identification, creation, funding and scaling of innovative technology businesses with high growth potential from the UK regions, announces that it has received a notification of the following transactions relating to Ordinary shares of GBP0.00001 each in the capital of Mercia ("Ordinary Shares") by Directors and PDMRs of the Company as follows:

-- Dr Mark Payton, Chief Executive Officer of the Company, became beneficially interested in a further 44,091 Ordinary Shares. The Shares were bought on his behalf on 9 April 2019 at 33.8p per share by his ISA.

-- Martin Glanfield, Chief Financial Officer of the Company, became beneficially interested in a further 50,000 Ordinary Shares. The Shares were bought on his behalf on 9 April 2019 at 34.4p per share by his SIPP.

-- Julian Viggars, Chief Investment Officer of the Company, became beneficially interested in a further 58,000 Ordinary Shares. The Shares were bought on his behalf on 9 April 2019 at 33.9p per share by his SIPP.

Following the above transactions, Dr Payton and Messrs Glanfield and Viggars are beneficially interested in the following number of Ordinary Shares

 
 Director/PDMR       Number of Ordinary      Percentage of issued 
                                 Shares    Ordinary share capital 
 Dr Mark Payton               6,699,653                      2.2% 
                    -------------------  ------------------------ 
 Martin Glanfield               343,369                      0.1% 
                    -------------------  ------------------------ 
 Julian Viggars*                482,325                      0.2% 
                    -------------------  ------------------------ 
 

*Including 75,000 Ordinary shares held by Mrs Emma Viggars

The notifications below are made in accordance with the requirements of the Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Dr Mark Payton 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position / status            Director (PDMR) 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial 
       / amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Mercia Technologies PLC 
     ---------------------------  -------------------------------------- 
 b)   LEI                          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               Ordinary shares of GBP0.00001 each 
       the financial instrument,    ISIN: GB00BSL71W47 
       type of instrument 
       Identification 
       code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Acquisition of 44,091 Ordinary shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)           Volume(s) 
                                      33.8p per share    44,091 
                                                        ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      9 April 2019, UK 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Martin Glanfield 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position / status            Director (PDMR) 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial 
       / amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Mercia Technologies PLC 
     ---------------------------  -------------------------------------- 
 b)   LEI                          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               Ordinary shares of GBP0.00001 each 
       the financial instrument,    ISIN: GB00BSL71W47 
       type of instrument 
       Identification 
       code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Acquisition of 50,000 Ordinary shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)           Volume(s) 
                                      34.4p per share    50,000 
                                                        ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      9 April 2019, UK 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Julian Viggars 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position / status            Director (PDMR) 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial 
       / amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Mercia Technologies PLC 
     ---------------------------  -------------------------------------- 
 b)   LEI                          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               Ordinary shares of GBP0.00001 each 
       the financial instrument,    ISIN: GB00BSL71W47 
       type of instrument 
       Identification 
       code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Acquisition of 58,000 Ordinary shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)           Volume(s) 
                                      33.9p per share    58,000 
                                                        ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           N/A - single transaction 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      9 April 2019, UK 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     AIM (AIMX) 
     ---------------------------  -------------------------------------- 
 

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 
 
 Canaccord Genuity Limited                    +44 (0)20 7523 8000 
 Simon Bridges, Emma Gabriel (NOMAD 
  and Broker) 
 
 Buchanan                                     +44 (0)20 7466 5000 
 Chris Lane, Vicky Hayns, Stephanie 
  Watson, Catriona Flint 
 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. The Group benefits from 19 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 and 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. Mercia has c.GBP500million of assets under management and, since its IPO in December 2014, has invested over GBP74million across its direct investment portfolio.

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.

END

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