- Technology business investor Mercia Technologies said that chairman Susan Searle had stood down with immediate effect.

Searle had been chairman since May 2016 and was deputy chairman at the time of the company's IPO in December 2014.

Current independent director Ian Metcalfe had been appointed as the company's new chairman.

An additional non-executive director with specialist asset management experience would be appointed in due course, Mercia said.

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