Mercia Technologies PLC AGM Statement (4643B)
September 21 2018 - 2:00AM
UK Regulatory
TIDMMERC
RNS Number : 4643B
Mercia Technologies PLC
21 September 2018
For Immediate Release 21 September 2018
Mercia Technologies PLC
(the "Group")
AGM Statement
Mercia Technologies PLC (AIM: MERC), the national investment
group focused on the identification, creation, funding and scaling
of innovative technology businesses with high growth potential from
the UK regions, is today holding its Annual General Meeting. The
Non-executive Chair, Susan Searle, will make the following remarks
at the meeting:
"I am pleased to say that since our 31 March year end, the
Group's direct investment portfolio has continued to make good
overall progress, with significant commercial milestones being
achieved by a number of our investee companies including Oxford
Genetics, nDreams and Aston EyeTech.
"We are seeing an increasing number of exciting investment
opportunities for Mercia's third-party managed funds which will, in
due course, lead to further balance sheet direct investment
opportunities.
"Our focus remains on growing the net asset value of the Group's
direct investments by utilising Mercia's differentiated model to
create long term value for shareholders. We look forward to
updating shareholders on further positive progress throughout the
year."
Ends
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
Stephen Keys (NOMAD and Joint Broker) +44 (0)20 7397 8900
Canaccord Genuity Limited
Simon Bridges, Emma Gabriel (Joint Broker)
+44 (0)20 7523 8000
Buchanan
Bobby Morse, Chris Lane, Stephanie Watson
www.buchanan.uk.com +44 (0)20 7466 5000
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 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 circa GBP400million
under management) 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 GBP63million directly
across its portfolio of 'Emerging Stars'.
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END
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