Business
AGM Statement
AGM Statement.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n\n\n\n\nRNS\n\n\n21 September 2023\n\n\n\n \nMercia Asset Management PLC\n \n(\"Mercia\", the \"Group\" or the \"Company\")\n \nAGM Statement\n \nMercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£1.4billion of assets under management, is today holding its Annual General Meeting. The Non-executive Chair, Ian Metcalfe, will make the following remarks at the meeting:\n \n\"Mercia has made a positive start to the current financial year across its asset classes and their resultant recurring revenue streams. The Group remains well placed to support existing funds' portfolio companies, as well as adding new investments to those portfolios as a result of our continuing Group-wide liquidity position and strong deal origination capabilities.\n \n\"We are carefully managing our balance sheet cash position of c.£35million, together with its increasing yield, whilst maintaining support for our existing, maturing direct investments. We remain optimistic for continuing progress across the Group during the second half of the current financial year.\" \n \n-Ends-\n \nFor further information, please contact:\n \n\n\n\nMercia Asset Management PLC\nMark Payton, Chief Executive Officer\nMartin Glanfield, Chief Financial Officer\nwww.mercia.co.uk \n \n\n\n+44 (0)330 223 1430\n \n\n\n\n\nCanaccord Genuity Limited (NOMAD and Joint Broker)\n\n\n+44 (0)20 7523 8000\n\n\n\n\nSimon Bridges, Emma Gabriel\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nSinger Capital Markets (Joint Broker)\n\n\n+44 (0)20 7496 3000\n\n\n\n\nHarry Gooden, James Moat\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nFTI Consulting\n\n\n+44 (0)20 3727 1051\n\n\n\n\nTom Blackwell, Jenny Boyd\n\n\n\n\n\n\n\[email protected]\n\n\n\n\n\n\n \nAbout Mercia Asset Management PLC\n \nMercia 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 ...