Mercia Asset Management PLC (AIM: MERC), the regionally focused private capital asset manager with over £2.2 billion of assets under management, has disclosed the repurchase of 366,000 ordinary shares between 5 and 11 November 2026 as part of its Share Buyback Programme launched on 1 April 2026. The purchases were executed on AIM by broker Canaccord Genuity Limited at a volume weighted average price of 29.96p per share. All repurchased shares are intended to be cancelled, reducing the company's outstanding share count. Investors tracking ownership thresholds should note the updated denominator figure now stands at 420,150,644 ordinary shares in issue.

Key Points

  • Mercia Asset Management PLC (MERC) — AIM-quoted private capital asset manager
  • 366,000 ordinary shares repurchased between 5 and 11 November 2026 at a volume weighted average price of 29.96p
  • Shares in issue (excluding treasury) now stand at 420,150,644; treasury holdings total 9,494,713 shares
  • Investors should watch for further buyback tranches and any update on the programme's overall size or end date

Five Daily Tranches Executed Between 29.50p and 30.50p via Canaccord Genuity

Mercia's buyback activity across the five-day period comprised five separate transactions, each executed at a single uniform price on the AIMX trading venue. The highest price paid was 30.50p on 6 November 2026, covering 70,000 shares, while the lowest was 29.50p, applied across both the 10 November tranche of 72,000 shares and the 11 November tranche of 69,000 shares. The largest single-day purchase was 80,000 shares on 5 November at 30.25p, and the 9 November purchase totalled 75,000 shares at 30.00p. Canaccord Genuity Limited acted as executing broker throughout the period on behalf of the company.

Treasury Share Transfers Satisfy Employee Share Option Exercises in Early November

Alongside the market purchases, Mercia also confirmed that it transferred ordinary shares from its treasury holding to satisfy employee share option exercises. On 4 November 2026, 34,352 treasury shares were transferred for this purpose, followed by a further 204,577 shares on 6 November 2026. These transfers reduce the treasury balance and reflect ongoing commitments under the company's employee incentive arrangements. Following both the buyback purchases and the treasury transfers, Mercia holds 9,494,713 ordinary shares in treasury, with 420,150,644 ordinary shares in issue and admitted to trading on AIM excluding those treasury shares.

Mercia's £2.2bn AUM Platform Spans Venture, Development Capital and Property Finance

Mercia describes itself as a proactive, regionally focused private capital asset manager supporting UK SMEs through what it terms "Complete Connected Capital." The group operates across four asset classes — venture, development capital, property finance, and proprietary capital — from 11 regional offices across the UK. Its university partnerships and local adviser networks are cited as key sources of deal flow. With over £2.2 billion of assets under management, the buyback programme may be seen by investors as a capital allocation decision reflecting the board's view of value, though no formal guidance on this point was included in the announcement.