Grant of Options to PDMR
Mercia Asset Management PLC announced the grant of options over 600,000 ordinary shares to senior employees at an exercise price of 30.5 pence per share, with vesting contingent on performance over three to five years. Following this, the company has a total of 27,119,097 options outstanding, representing 6.21% of its issued share capital. Notably, Group Finance Director James Sly received 250,000 options, bringing his total option holdings to 250,000 and his interest in existing ordinary shares to 76,923.
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| RNS | 13 October 2026 |
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
Grant of Options to PDMR
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused private capital asset manager with over £2.2billion of assets under management, announces that on 12 October 2026 pursuant to the 2024 Mercia Employee Share Plan (the "ESP"), options ("Options") over 600,000 Ordinary shares of £0.00001 each in the share capital of Mercia ("Ordinary Shares") were awarded to a number of senior employees of the Company at an exercise price of 30.5 pence per Ordinary Share (being the closing mid-market price of an Ordinary Share on 12 October 2026). These Options will, subject to the satisfaction of a performance condition, vest in three equal tranches on the third, fourth and fifth anniversary of the date of grant of the Options.
Following the grant of the Options above, the Company has an aggregate of 27,119,097 vested and unvested options in issue, equating to 6.21% of the existing issued share capital of the Company.
Following the grant of these Options, one PDMR holds the following share options and Ordinary Shares:
| PDMR | Role | Grant of options | Total number of options over Ordinary Shares | Interest in existing issued Ordinary Shares |
| James Sly | PDMR - Group Finance Director | 250,000 Options | 250,000 | 76,923 |
| 1 | Details of the persons discharging managerial responsibilities/person closely associated | |||
| a) | Name | (i) James Sly, Group Finance Director | ||
| 2 | Reason for the notification | |||
| a) | Position/status | PDMR of the Company | ||
| b) | Initial Notification/ Amendment | Initial Notification | ||
| a) | Name | Mercia Asset Management PLC | ||
| b) | Legal Entity Identifier | 213800A1Q4CF57NECG66 | ||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.00001 each ISIN - GB00BSL71W47 | ||
| b) | Nature of transaction | Grant of options | ||
| c) | Currency | GBP | ||
| d) | Price(s) and volume(s) | Exercise Price | No. of Ordinary Shares | |
| £0.305 | (i) 250,000 | |||
| e) | Aggregate information - Aggregate volume - Price - Aggregate total | N/A - single transaction | ||
| f) | Date of the transaction | 12 October 2026 | ||
| g) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.