In parallel with its H120 interim results, Mercia has announced the acquisition of NVM’s VCT business for up to £25m in cash and equity, funded by a £30m placing at 25p per share (a 22% discount). Subject to shareholder approval, the acquisition increases AUM to £760m and moves Mercia towards being the UK’s number one regional investor. The deal expands Mercia’s shareholder register, further dilutes existing major shareholders and means Mercia should be pro
05 Dec 2019
Mercia Asset Management - Huge stride towards an evergreen model
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Mercia Asset Management - Huge stride towards an evergreen model
Mercia Asset Management PLC (MERC:LON) | 33.1 0.1 0.9% | Mkt Cap: 144.4m
- Published:
05 Dec 2019 -
Author:
Richard Williamson -
Pages:
8
In parallel with its H120 interim results, Mercia has announced the acquisition of NVM’s VCT business for up to £25m in cash and equity, funded by a £30m placing at 25p per share (a 22% discount). Subject to shareholder approval, the acquisition increases AUM to £760m and moves Mercia towards being the UK’s number one regional investor. The deal expands Mercia’s shareholder register, further dilutes existing major shareholders and means Mercia should be pro