LONDON (ShareCast) - (ShareCast News) - National investment group Mercia Technologies updated the market on Monday as its investors gathered for the annual general meeting, reporting that its direct investment portfolio had continued to make "good overall progress" since year-end on 31 March.
The AIM-traded firm said "significant" commercial milestones had been achieved by a number of its investee companies and syndicated funding rounds - involving both new and existing co-investors - completed by Impression Technologies, nDreams, Oxford Genetics and Warwick Audio Technologies.

"Our focus remains on growing the net asset value of the group's direct investments by utilising Mercia's differentiated model to create long term value for shareholders," said non-executive chair Susan Searle.

"We look forward to updating shareholders on further positive progress throughout the year."

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