REG - Mears Grp PLC - Completion of Buyback programme

MearsAnnouncement

19/04/2024 07:15

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RNS Number : 2237L  Mears Group PLC  19 April 2024

Mears Group PLC

("Mears" or "the Group" or "the Company")

 

Completion of Buyback programme

Mears (LSE: MER), the leading provider of services to the Housing sector in
the UK is pleased to announce that it has completed its £20m share buyback
programme, details of which were announced on 20 February 2024. Over the
duration of the programme, the Group purchased and cancelled 5,575,561
Ordinary Shares of 1p each at an average price of 358.7p, representing c.5.5%
of the Group's issued share capital at the start of the buyback.

 

For further information, contact:

 

 Mears Group PLC      Tel: +44(0)1452 634 600
 Andrew Smith

 Numis                Tel: +44(0)207 260 1000
 Julian Cater
 Kevin Cruickshank

 Panmure Gordon       Tel: +44(0)207 886 2500
 Tom Scrivens
 James Sinclair-Ford

 

About Mears

 

Mears is a leading provider of services to the Housing sector, providing a
range of services to individuals within their homes. We manage and maintain
around 450,000 homes across the UK and work predominantly with Central
Government and Local Government, typically through long-term contracts. We
equally consider the residents of the homes that we manage and maintain to be
our customers, and we take pride in the high levels of customer satisfaction
that we achieve.

 

Mears currently employs over 5,000 people and provides services in every
region of the UK. In partnership with our Housing clients, we provide property
management and maintenance services. 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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