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Mercia Asset Management PLC announced on 13 October 2026 that on 12 October 2026, it awarded options over 600,000 Ordinary shares to senior employees under its 2024 Employee Share Plan. These options have an exercise price of 30.5 pence per Ordinary Share, with James Sly, Group Finance Director, receiving 250,000 options. Following this grant, the Company has an aggregate of 27,119,097 vested and unvested options in issue, equating to 6.21% of its existing issued share capital.
| Date | 13 Oct 2026 |
| Time | 09:32:21 |
| Category | Director/PDMR dealings |
| ID | 7389Y |
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RNS |
13 October 2026 |
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
Grant of Options to PDMR
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused private capital asset manager with over £2.2billion of assets under management, announces that on 12 October 2026 pursuant to the 2024 Mercia Employee Share Plan (the "ESP"), options ("Options") over 600,000 Ordinary shares of £0.00001 each in the share capital of Mercia ("Ordinary Shares") were awarded to a number of senior employees of the Company at an exercise price of 30.5 pence per Ordinary Share (being the closing mid-market price of an Ordinary Share on 12 October 2026). These Options will, subject to the satisfaction of a performance condition, vest in three equal tranches on the third, fourth and fifth anniversary of the date of grant of the Options.
Following the grant of the Options above, the Company has an aggregate of 27,119,097 vested and unvested options in issue, equating to 6.21% of the existing issued share capital of the Company.
Following the grant of these Options, one PDMR holds the following share options and Ordinary Shares:
|
PDMR |
Role |
Grant of options |
Total number of options over Ordinary Shares |
Interest in existing issued Ordinary Shares |
|
James Sly |
PDMR - Group Finance Director |
250,000 Options |
250,000 |
76,923 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities:
|
1 |
Details of the persons discharging managerial responsibilities/person closely associated |
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|
a) |
Name |
(i) James Sly, Group Finance Director |
|
|
2 |
Reason for the notification |
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|
a) |
Position/status |
PDMR of the Company |
|
|
b) |
Initial Notification/ Amendment |
Initial Notification |
|
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
Mercia Asset Management PLC |
|
|
b) |
Legal Entity Identifier |
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 |
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|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of £0.00001 each
ISIN - GB00BSL71W47 |
|
|
b) |
Nature of transaction |
Grant of options |
|
|
c) |
Currency |
GBP |
|
|
d) |
Price(s) and volume(s) |
Exercise Price |
No. of Ordinary Shares |
|
£0.305 |
(i) 250,000 |
||
|
e) |
Aggregate information - Aggregate volume - Price - Aggregate total |
N/A - single transaction |
|
|
f) |
Date of the transaction |
12 October 2026 |
|
|
g) |
Place of the transaction |
Outside a trading venue |
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-Ends-
For further information, please contact:
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Mercia Asset Management PLC |
|
|
Mark Payton, Chief Executive Officer |
|
|
Martin Glanfield, Chief Financial Officer |
|
|
+44 (0)330 223 1430 |
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|
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Canaccord Genuity Limited (NOMAD and Joint Broker) |
|
|
Simon Bridges, Emma Gabriel, Harry Rees |
+44 (0)20 7523 8000 |
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|
Singer Capital Markets (Joint Broker) |
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|
Charles Leigh-Pemberton |
+44 (0)20 7496 3000 |
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Cardew Group (PR Adviser) |
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|
Tania Wild, Luke Bramwell |
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+44 (0)20 7930 0777 |
About Mercia Asset Management PLC
Mercia is a private capital asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of venture, development capital, property finance and proprietary capital: the Group's 'Complete Connected Capital'.
The Group has a strong UK footprint through its 11 regional offices, extensive local adviser and personal networks, and university partnerships, providing it with access to high-quality deal flow.
Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".