Mercia Asset Management PLC Change of Auditor (2823N)
29 January 2021 - 6:00PM
UK Regulatory
TIDMMERC
RNS Number : 2823N
Mercia Asset Management PLC
29 January 2021
RNS 29 January 2021
Mercia Asset Management PLC
("Mercia", the "Company" or the "Group")
Change of Auditor
Mercia Asset Management PLC (AIM: MERC), the proactive,
regionally focused specialist asset manager with c.GBP872million of
assets under management, announces that its Board has approved the
appointment of BDO LLP ("BDO") as the Company's auditor for the
financial year ending 31 March 2021.
This appointment follows a competitive tender process led by the
Company's Audit and Risk Committee. The re-appointment of BDO for
the financial year ending 31 March 2022 will be subject to approval
by shareholders at the Company's next Annual General Meeting in
September 2021.
BDO replaces Deloitte LLP ("Deloitte") who have formally
resigned as auditor of the Group. In accordance with Section 519 of
the Companies Act 2016, Deloitte has deposited with the Company a
statement confirming that there are no matters connected with it
ceasing to hold office that need to be brought to the attention of
members or creditors of the Company.
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, Richard Andrews
+44 (0)20 7496
N+1 Singer (Joint Broker) 3000
Harry Gooden, James Moat
+44 (0)20 3727
FTI Consulting 1051
Tom Blackwell, Louisa Feltes, Shiv Talwar
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 balance
sheet, venture, private equity and debt 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, 19 university partnerships and extensive personal
networks, providing it with access to high-quality deal flow.
Mercia currently has c.GBP872million of assets under management
and, since its IPO in December 2014, has invested c.GBP106million
into its direct investment portfolio.
Mercia Asset Management PLC is quoted on AIM with the EPIC
"MERC".
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