TRANSACTION IN OWN SHARES-MERCIA ASSET MANAGEMENT PLC

TRANSACTION IN OWN SHARES-MERCIA ASSET MANAGEMENT PLC

Transaction in Own Shares

 

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£1.5 billion of assets under management, announces that it has made the following purchases of Ordinary shares in the capital of the Company ("Ordinary shares") on the London Stock Exchange, pursuant to the Share Buyback Programme announced on 28 November 2023.

 

Date of purchase

20 March 2024

Number of Ordinary shares purchased (aggregated volume):

277,000

Highest price paid per Ordinary share (pence):

32.21

Lowest price paid per Ordinary share (pence):

32.00

Volume weighted average price paid per Ordinary share (pence):

32.02

Venue where Ordinary shares are traded

London Stock Exchange (AIM)

The Company will hold the repurchased shares in treasury. Following the purchase, the number of Ordinary shares in issue and admitted to trading on AIM will be 437,184,815 (excluding treasury shares), and the Company will hold 9,494,708 Ordinary shares in treasury.

 

This figure of 437,184,815 Ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Share Buyback Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Singer Capital Markets on behalf of the Company.

Individual transactions:

Number of shares purchased

Transaction price (pence per share)

Time of transaction

Trading venue

30,000

32.21

11:52:37

London Stock Exchange

(AIM)

247,000

32.00

16:29:27

London Stock Exchange

(AIM)

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