REG - Mears Grp PLC - Exercise of options and PDMR dealing
Yesterday 17:45
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250508:nRSH9679Ha&default-theme=true
RNS Number : 9679H Mears Group PLC 08 May 2025
Mears Group PLC
("Mears" or "the Group" or "the Company")
Exercise of options and PDMR dealing
Mears Group PLC (LSE: MER) announces that on 6 May 2025, Andrew Smith, Chief
Financial Officer and David Miles, Operations Director, both PDMRs, exercised
share options over 484,671 ordinary shares of 1 pence each in the Company
("Ordinary Shares") in connection with the Company's Long Term Incentive Plan
and Deferred Share Bonus Plan as detailed below.
Subsequent to the exercise of the share options, on 8 May 2025, Andrew Smith
has sold 108,411 Ordinary Shares and David Miles has sold 162,348 Ordinary
Shares at an average price of 393 pence per Ordinary Share in order to satisfy
tax liabilities resulting from the exercise of the above-mentioned options.
Name Long Term Incentive Plan (LTIP) Deferred Share Bonus Plan (DSBP) Total share options exercised Shares sold to satisfy tax liabilities Shares retained
Andrew Smith 150,589 43,471 194,060 (108,411) 85,649
David Miles 225,411 65,200 290,611 (162,348) 128,263
Total 376,000 108,671 484,671 (270,759) 213,912
Following the completion of the exercise and the sale, the aggregate
shareholdings of Andrew Smith and David Miles are:
Name Aggregate shareholding (Ordinary shares) Percentage of total voting rights
Andrew Smith 493,539 0.6%
David Miles 586,337 0.7%
Contact information
Ben Westran, Company Secretary
Tel: +44(0)1452 634600
www.mearsgroup.co.uk (http://www.mearsgroup.co.uk/)
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.
The information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014 (as it forms
part of domestic law by virtue of the European Union (Withdrawal) Act 2018).
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Andrew Smith
2. Reason for the notification
a. Position/status Chief Financial Officer
b. Initial notification Initial notification
/Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Mears Group PLC
b. LEI 213800DHCALLH8IRJV57
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a. Description of the Ordinary shares of 1p each
Financial instrument, type GB0005630420
of instrument
Identification code
b. Nature of the transaction 1. Exercise of share options
2. Sale of ordinary shares
c. Price(s) and volume(s) 1. Exercise
Price(s) Volume(s)
0.01 GBP 194,060
2. Sale
Price(s) Volume(s)
3.93 GBP 108,411
d. Aggregated information 1. Exercise
Price(s) Volume(s)
· Aggregated volume
· Price 0.01 GBP 194,060
2. Sale
Price(s) Volume(s)
3.93 GBP 108,411
e. Date of the transaction 1. 6 May 2025
2. 8 May 2025
f. Place of the transaction 1. Off market
2. XLON, London Stock Exchange
2. Sale
Price(s) Volume(s)
3.93 GBP 108,411
d.
Aggregated information
· Aggregated volume
· Price
1. Exercise
Price(s) Volume(s)
0.01 GBP 194,060
2. Sale
Price(s) Volume(s)
3.93 GBP 108,411
e.
Date of the transaction
1. 6 May 2025
2. 8 May 2025
f.
Place of the transaction
1. Off market
2. XLON, London Stock Exchange
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name David Miles
2. Reason for the notification
a. Position/status Operations Director
b. Initial notification Initial notification
/Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Mears Group PLC
b. LEI 213800DHCALLH8IRJV57
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a. Description of the Ordinary shares of 1p each
Financial instrument, type GB0005630420
of instrument
Identification code
b. Nature of the transaction 1. Exercise of share options
2. Sale of ordinary shares
c. Price(s) and volume(s) 1. Exercise
Price(s) Volume(s)
0.01 GBP 290,611
2. Sale
Price(s) Volume(s)
3.93 GBP 162,348
d. Aggregated information 1. Exercise
Price(s) Volume(s)
· Aggregated volume
· Price 0.01 GBP 290,611
2. Sale
Price(s) Volume(s)
3.93 GBP 162,348
e. Date of the transaction 1. 6 May 2025
2. 8 May 2025
f. Place of the transaction 1. Off market
2. XLON, London Stock Exchange
2. Sale
Price(s) Volume(s)
3.93 GBP 162,348
d.
Aggregated information
· Aggregated volume
· Price
1. Exercise
Price(s) Volume(s)
0.01 GBP 290,611
2. Sale
Price(s) Volume(s)
3.93 GBP 162,348
e.
Date of the transaction
1. 6 May 2025
2. 8 May 2025
f.
Place of the transaction
1. Off market
2. XLON, London Stock Exchange
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHEAKSPEDNSEFARecent news on Mears
See all newsREG - Mears Grp PLC - Exercise of options and PDMR dealing
AnnouncementREG - Mears Grp PLC - Contract Award
AnnouncementREG - Mears Grp PLC - Annual Financial Report 2024 and Notice of AGM
AnnouncementREG - Mears Grp PLC - Grant of Long-Term Incentive Plan awards
AnnouncementREG - Mears Grp PLC - Grant of Deferred Bonus Share Plan awards
Announcement