Business
PDMR / Director Dealings
PDMR / Director Dealings.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n \nRNS Number : 9528B Mercia Asset Management PLC 04 February 2020 \n\n\n\n\nRNS\n\n\n4 February 2020\n\n\n\n \nMercia Asset Management PLC\n(\"Mercia\", the \"Group\" or the \"Company\")\nPDMR / Director Dealings\n \nMercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager, announces that it has received a notification of the following transactions relating to Ordinary shares of £0.00001 each in the capital of Mercia (\"Ordinary Shares\") by a Director.\nFor tax planning purposes Ray Chamberlain, a Non-executive Director of the Company, sold 6,149,752 Ordinary Shares at 26.6p per share, all of which were bought by Forward Nominees Limited (as nominee for certain members of the Chamberlain family and close associates (including Ray Chamberlain)) (the \"Transactions\"). \nFollowing the Transactions Ray Chamberlain will cease to be personally interested in any Ordinary Shares but will continue to be indirectly interested in 64,824,766 Ordinary Shares via:\n· Forward Innovation Fund (38,072,336 Ordinary Shares);\n· Croftdawn Limited (3,994,786 Ordinary Shares);\n· Mercia Growth Nominees Limited (126,436 Ordinary Shares);\n· Forward Nominees Limited (as nominee for certain members of the Chamberlain family and close associates (including Ray Chamberlain)) (22,631,208 Ordinary Shares). \nIn aggregate, the total number of Ordinary Shares in which Ray Chamberlain is interested remains unchanged, representing 14.73% of the Company's issued Ordinary Share capital.\nThe notifications below are made in accordance with the requirements of the Market Abuse Regulations.\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nRay Chamberlain\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition / status\n\n\nDirector (PDMR)\n\n\n\n\nb)\n\n\nInitial notification / amendment\n\n\nInitial\n\n\n\n\n3\n \n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nMercia Asset Management PLC\n\n\n\n\nb)\n\n\nLEI\n\n\n213800A1Q4CF57NECG66\n\n\n\n\n4\n \n\n\nDetails of the transaction(s): section to be repeated for (i) each type of instrumen...