REG - Mears Grp PLC - Block Listing Application

MearsAnnouncement

31/05/2022 07:00

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RNS Number : 2811N  Mears Group PLC  31 May 2022

31 May 2022

 

Mears Group plc

("Mears" or the "Company")

 

Block Listing Application

 

The Company announces that application has been made to the UK Listing
Authority ("UKLA") and the London Stock Exchange ("LSE") for the listing of
260,886 ordinary shares of 1 penny each ("Ordinary Shares") to trade on the
LSE and to be admitted to the Official List of the UKLA.

 

All of these Ordinary Shares are being reserved under an extension to an
existing block listing and will be issued as a result of the exercise of share
options pursuant to the following schemes:

 

 Scheme name                           No. Ordinary Shares
 Unapproved Company Share Option Plan  129,012
 Save As You Earn Scheme               131,874
 Total                                 260,886

 

 

It is expected that admission of these Ordinary Shares will become effective
on 1 June 2022.  These Ordinary shares will rank, pari passu, with the
existing Ordinary Shares in issue and will be allotted form time to time in
accordance with the exercise of options under these various schemes.

 

For further information, contact:

Mears Group PLC

Ben Westran, Company Secretary
 
Tel: +44(0)1452 634600

www.mearsgroup.co.uk

 

Notes for editors

 

Mears employs around 6,500 people and provides services in every region of the
UK. In partnership with our Housing clients, we maintain, repair and upgrade
the homes of hundreds of thousands of people in communities from remote rural
villages to large inner-city estates. Mears has extended its activities to
provide broader housing solutions to solve the challenge posed by the lack of
affordable housing and to provide accommodation and support for the most
vulnerable.

 

We focus on long-term outcomes for people rather than short-term solutions and
invest in innovations that have a positive impact on people's quality of life
and on their communities' social, economic and environmental wellbeing. Our
innovative approaches and market leading positions are intended to create
value for our customers and the people they serve while also driving
sustainable financial returns for our providers of capital, especially our
shareholders.

 

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