Mercia Technologies PLC PDMR / Director Dealings (9289U)
July 17 2018 - 10:14AM
UK Regulatory
TIDMMERC
RNS Number : 9289U
Mercia Technologies PLC
17 July 2018
RNS 17 July 2018
Mercia Technologies PLC
("Mercia", the "Group" or the "Company")
PDMR / Director Dealings
Mercia Technologies PLC (AIM: MERC), the national investment
group focused on the creation, identification, 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 a
Director and a person closely associated with them.
For tax planning purposes Susan Searle, the Non-executive Chair
of the Company, sold 120,000 shares at 31.5p per share all of which
were bought, at the same price, by her spouse's self-invested
pension plan. Following this transaction Susan Searle and her
spouse continue to hold 1,097,388 Ordinary Shares in aggregate,
equivalent to 0.36 per cent. of the Company's issued Ordinary share
capital.[1]
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 Susan Searle
--------------------------- -----------------------------------
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 Sale of 120,000 Ordinary shares
--------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
31.5p per share 120,000
----------
--------------------------- -----------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--------------------------- -----------------------------------
e) Date of the transaction 17 July 2018
--------------------------- -----------------------------------
f) Place of the transaction AIM (AIMX)
--------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Fraser Searle
--------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position / status Person closely associated with Susan Searle
(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 Purchase of 120,000 Ordinary shares
--------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
31.5p per share 120,000
----------
--------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--------------------------- --------------------------------------------
e) Date of the transaction 17 July 2018
--------------------------- --------------------------------------------
f) Place of the transaction AIM (AIMX)
--------------------------- --------------------------------------------
For further information, please contact:
Mercia Technologies PLC
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer
www.merciatech.co.uk +44 (0)330 223 1430
Cenkos Securities plc +44 (0)20 7397 8900
Stephen Keys, Camilla Hume (NOMAD and Joint Broker)
Canaccord Genuity Limited +44 (0)20 7523 8000
Simon Bridges, Emma Gabriel (Joint Broker)
Buchanan +44 (0)20 7466 5000
Bobby Morse, Chris Lane, Stephanie Watson
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. Mercia benefits from 19 university
partnerships and nine 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 (now with c.GBP400.0million
funds under management following recent mandate wins) and then over
time Mercia can provide further funding to its 'Emerging Stars' by
deploying direct investment follow-on capital from its own balance
sheet. Since its IPO in December 2014, Mercia has invested over
GBP63.0million directly across its portfolio of 'Emerging
Stars'.
[1] Susan Searle has an interest in 977,388 Ordinary Shares,
equivalent to 0.32 per cent. of the Company's issued Ordinary share
capital and Fraser Searle has an interest in 120,000 Ordinary
Shares, equivalent to 0.04 per cent. of the Company's issued
Ordinary share capital.
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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