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RNS Number : 5939L

Mercia Asset Management PLC

14 September 2021

 
 RNS              14 September 2021

Mercia Asset Management PLC

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

AGM Statement

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.GBP940million of assets under management, is today holding its Annual General Meeting. The Non-executive Chair, Ian Metcalfe, will make the following remarks at the meeting:

"I am pleased to say that Mercia is continuing to perform well across both its profitable fund management operations and its balance sheet direct investment portfolio. Our Group-wide strong liquidity position is enabling us to deploy capital into new and existing attractive investment opportunities, both through our managed funds and balance sheet. We have a differentiated business model which is now delivering incremental shareholder value and we are increasingly optimistic about our future."

-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, Andrew Potts 
 
                                                            +44 (0)20 7496 
   Singer Capital Markets (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.GBP940million of assets under management and, since its IPO in December 2014, has invested c.GBP111million gross into its direct investment portfolio.

Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".

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September 14, 2021 02:00 ET (06:00 GMT)

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