Transaction in Own Shares

Source: RNS
RNS Number : 3498Q
Mercia Asset Management PLC
30 May 2024
 

RNS

 30 May 2024

 

Mercia Asset Management PLC

 

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

 

Transaction in Own Shares

 

 

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with over £1.5 billion of assets under management, announces that it has made the following purchases of Ordinary shares in the capital of the Company ("Ordinary shares") on the London Stock Exchange, pursuant to the Share Buyback Programme announced on 28 November 2023.

 

Date of purchase

29 May 2024

Number of Ordinary shares purchased (aggregated volume):

25,380

Highest price paid per Ordinary share (pence):

33.00

Lowest price paid per Ordinary share (pence):

33.00

Volume weighted average price paid per Ordinary share (pence):

33.00

Venue where Ordinary shares are traded

London Stock Exchange (AIM)

The Company will hold the repurchased shares in treasury. Following the purchase, the number of Ordinary shares in issue and admitted to trading on AIM will be 431,095,729 (excluding treasury shares), and the Company will hold 15,583,794 Ordinary shares in treasury.

 

This figure of 431,095,729 Ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

The Company's £5.0million Share Buyback Programme has now concluded.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Singer Capital Markets on behalf of the Company.

 

Individual transactions:

Number of shares purchased

Transaction price (pence per share)

Time of transaction

Trading venue

25,380

33.00

08:35:45

London Stock Exchange

(AIM)

 

- Ends -

 

For further information, please contact:

Mercia Asset Management PLC

Mark Payton, Chief Executive Officer

Martin Glanfield, Chief Financial Officer

www.mercia.co.uk   

 

+44 (0)330 223 1430

 

Canaccord Genuity Limited (NOMAD and Joint Broker)

+44 (0)20 7523 8000

Simon Bridges, Emma Gabriel




Singer Capital Markets (Joint Broker)

+44 (0)20 7496 3000

Harry Gooden, James Moat




FTI Consulting

         +44 (0)20 3727 1051

Tom Blackwell, Jenny Boyd


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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