Three executive directors of Mercia Asset Management (LON: MERC) have added to their shareholdings at a significant discount to NAV. Chief executive Mark Payton has bought 145,840 shares at an average share price of 34.69p. Martin Glanfield acquired 119,223 shares at 34.5p each, while Julian Viggers bought 100,000 shares at an average price of 34.84p.
These purchases are at prices well below the NAV of 43p/share. Martin Glanfield acquired shares at 29p each last November. N July 2022, there was buying by directors at 30p/share.
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Regional-focused fund manager Mercia Ass...
