Grant of SAYE Options
SAYE options over 627,638 shares granted to employees at 26.4p exercise price, vesting November 2028.
- SAYE Options granted 627,638 shares
- Exercise price 26.4p per share
- Vesting date 1 November 2028
- Total options outstanding 39,207,364 (8.8% of issued capital)
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| RNS | 15 August 2025 |
Mercia Asset Management PLC
("Mercia", the "Company" or the "Group")
Grant of SAYE Options
Mercia Asset Management PLC (AIM: MERC), the regionally focused, private capital asset manager with c.£2.0billion of assets under management, announces that options ("SAYE Options") over a total of 627,638 Ordinary shares of £0.00001 each in the capital of the Company ("Ordinary Shares") were awarded yesterday pursuant to the 2025 Mercia Save As You Earn Share Option Plan (the "SAYE Scheme"). The Options were granted at an exercise price of 26.4 pence per Ordinary Share (calculated in accordance with the rules of the SAYE Scheme). The options will vest on 1 November 2028.
These new SAYE Options have been issued within the 10.0% overall limit of the Company's issued share capital, set by the approved Mercia 2024 Company Employee Share Plan. Following the grant of these Options, the Company has awarded, in aggregate, a total of 39,207,364 vested and unvested options pursuant to the 2014 Share Plan, the 2024 Share Plan and the Save As You Earn Plans, together equating to 8.8% of the existing issued Ordinary share capital of the Company. Mercia's SAYE Scheme provides staff with an additional medium term retention incentive, which is fully aligned with the Group's shareholder value creation strategy.
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