b'72 Mercia asset Management PLc Annual Report and Accounts 2021Remuneration report continuedDirectors share interestsThe interests of the Directors and their connected persons in the Ordinary shares of Mercia Asset Management are set out below:number of Number ofordinary shares Ordinary sharesas at 31 March as at 31 March2021 2020Ian Metcalfe 2 242,609 192,609Dr Mark Payton 1 6,851,366 6,799,653Martin Glanfield 1, 2 1,044,305 716,972Julian Viggars 1, 2 686,385 582,325Ray Chamberlain 2, 4, 5 65,194,766 64,824,766Dr Jonathan PellCaroline Plumb OBE 40,000 40,000Diane Seymour-Williams 3 250,000 1In July 2020 Dr Mark Payton, Martin Glanfield and Julian Viggars each increased their shareholding in Mercia Asset Management PLC by purchasing 51,713 shares, 155,838 shares and 51,150 shares respectively. 2In September 2020 Ian Metcalfe, Martin Glanfield and Julian Viggars each increased their shareholding in Mercia Asset Management PLC by purchasing 50,000 shares, 171,495 shares and 52,910 shares respectively. Additionally, Forward Innovation Fund, an entity closely associated with Ray Chamberlain, acquired 1,200,000 shares in Mercia Asset Management PLC.3In March 2020 Diane Seymour-Williams, appointed to the Board as a Non-executive Director on 3 November 2020, purchased 250,000 shares in Mercia Asset Management PLC.4In March 2020 Forward Nominees Limited, an entity closely associated with Ray Chamberlain, reduced its shareholding in Mercia Asset Management PLC by 830,000 shares.The shares sold were not held personally by Ray Chamberlain. 5Ray Chamberlain is indirectly interested in 65,194,766 Ordinary shares via the Forward Innovation Fund (39,272,336 Ordinary shares), Croftdawn Limited (3,994,786 Ordinary shares), Mercia Growth Nominees Limited (126,436 Ordinary shares) and Forward Nominees Limited (21,801,208 Ordinary shares as nominee for certain members of the Chamberlain family and close associates, including Ray Chamberlain). Ian R. MetcalfeChair of the Remuneration Committee5 July 2021'