Business
Directorate change
Mercia Asset Management PLC announced the appointment of Penny Freer as a Non-executive Director, effective immediately, bringing extensive experience in fund management and remuneration committee chairing to the board. Freer currently holds directorships at AP Ventures LLP, The Henderson Smaller Companies Investment Trust PLC, and The Weir Group PLC, among others. This appointment completes the current evolution of the board as Mercia focuses on its strategic objectives. Freer does not hold any shares in the company. Disclaimer*
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n\n\n\n\n\nRNS\n\n\n15 December 2025\n\n\n\n\n \nMercia Asset Management PLC\n \n(\"Mercia\", the \"Company\" or the \"Group\")\n \nDirectorate change\n \n \nMercia Asset Management PLC (AIM: MERC), the regionally focused, private capital asset manager with c.£2.0billion of assets under management, is pleased to announce the appointment of Penny Freer as a Non-executive Director of the Company with effect from today. \n \nChair of AP Ventures LLP, Penny is also a Non-executive Director of FTSE 100 company The Weir Group PLC and Chair of The Henderson Smaller Companies Investment Trust plc. Penny has previously held a number of Non-executive Director roles in both public and private companies, including as Chair of Crown Place VCT Plc and Senior Independent Director and Chair of the Remuneration Committee at Advanced Medical Solutions Group PLC.\n \nIan Metcalfe OBE, DL, Non-executive Chair of Mercia said: \n\"We are delighted to welcome Penny to the Board as a Non-executive Director. Penny is an extremely experienced Non-executive Director and chair of remuneration committees, with deep experience of the fund management sector. Penny's appointment completes the current evolution of the Board, and I look forward to working with my fellow Board colleagues as we remain focused on the Mercia '27 strategic objectives.\"\n \nPursuant to Schedule 2(g) of the AIM Rules for Companies, Penelope Anne Freer (aged 65) has held the following directorships and partnerships in the last five years:\n \nCurrent directorships\n \n· AP Ventures LLP\n· Capital Markets Strategy Limited\n· Cobweb Cyber Limited\n· Pure Milk Vodka Ltd\n· The Henderson Smaller Companies Investment Trust PLC\n· Weir Group PLC (The)\n· 81 Alderney Street Residents Association Limited\n \nFormer directorships\n \n· Crown Place VCT PLC (name changed to Albion Crown VCT PLC) \n· Advanced Medical Solutions Group PLC\n· Empresaria Group...