Mercia Asset Management PLC Grant of SAYE Options (9586Y)
09 September 2022 - 8:33PM
UK Regulatory
TIDMMERC
RNS Number : 9586Y
Mercia Asset Management PLC
09 September 2022
RNS 9 September 2022
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
Grant of SAYE Options
Mercia Asset Management PLC (AIM: MERC), the proactive,
regionally focused specialist asset manager with c.GBP959million of
assets under management, announces that options (the "Options")
over a total of 2,028,191 new Ordinary shares of GBP0.00001 each in
the capital of the Company ("Ordinary Shares") were awarded today
pursuant to the new 2022 Mercia Save As You Earn Share Option Plan
(the "SAYE Scheme"). The Options were granted at an exercise price
of 24.20p per Ordinary Share ( calculated in accordance with the
rules of the SAYE Scheme). The Options will vest on 1 November
2025.
These new Options have been issued within the 10.0% overall
limit of the Company's issued share capital, set by the 2014
approved Mercia Company Share Option Plan. Following the grant of
these Options, the Company has awarded, in aggregate, a total of
30,428,331 options pursuant to the 2014 Mercia Company Share Option
Plan and the 2022 Mercia Save As You Earn Option Plan, equating to
approximately 6.9 % of the existing issued Ordinary share capital
of the Company. The creation of Mercia's SAYE Scheme will provide
staff with an additional medium term retention incentive, which is
fully aligned with the Group's shareholder value creation
strategy.
Ross Gardner (PDMR and Group Financial Controller ) was granted
22,314 Options pursuant to the SAYE scheme. Following the grant of
these Options, Ross Gardner holds the following Ordinary Shares and
options:
Name Role Grant of Total number Interest
SAYE Options of other in existing
over Ordinary options issued Ordinary
Shares over Ordinary Shares
Shares
PDMR - Group Financial
Ross Gardner Controller 22,314 200,000 0
----------------------- --------------- --------------- -----------------
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by person
discharging managerial responsibilities.
Details of the persons discharging managerial responsibilities/person
1 closely associated
a) Name Ross Gardner- PDMR
--------------------------------------- ---------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------
a) Position/status PDMR of the Company
--------------------------------------- ---------------------------------------
b) Initial Notification Initial Notification
/Amendment
--------------------------------------- ---------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Mercia Asset Management PLC
--------------------------------------- ---------------------------------------
b) Legal Entity Identifier 213800A1Q4CF57NECG66
--------------------------------------- ---------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 0.001 pence each
the financial instrument,
type of instrument
Identification ISIN: GB00BSL71W47
code
--------------------------------------- ---------------------------------------
b) Nature of the transaction Grant of options
--------------------------------------- ---------------------------------------
c) Price(s) and volume(s) Exercise No. of shares
Price
--------------------------------------- ---------------- ---------------------
GBP0.2420 22,314
------------------------------------------------------------- ---------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
- Aggregated total
--------------------------------------- ---------------------------------------
e) Date of the transaction 9 September 2022
--------------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- ---------------------------------------
-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
+44 (0)20 7496
Singer Capital Markets (Joint Broker) 3000
Harry Gooden, James Moat
+44 (0)20 3727
FTI Consulting 1051
Tom Blackwell, Immy Ransom
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 venture,
private equity, debt and proprietary 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, university partnerships and extensive personal networks,
providing it with access to high-quality deal flow.
Mercia Asset Management PLC is quoted on AIM with the EPIC
"MERC".
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END
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