REG - Mears Grp PLC - Exercise of options and PDMR dealing

MearsAnnouncement

Today 09:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260511:nRSK7938Da&default-theme=true

RNS Number : 7938D  Mears Group PLC  11 May 2026

Mears Group PLC

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

Exercise of options and PDMR dealing

Mears Group PLC (LSE: MER) announces that on 7 May 2026, Lucas Critchley,
Chief Operating Officer and Andrew Smith, Chief Financial Officer, both PDMRs,
exercised share options over 259,966 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 2026, Lucas
Critchley has sold 60,984 Ordinary Shares and Andrew Smith has sold 108,303
Ordinary Shares at an average price of 400.5 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
 Lucas Critchley  109,166                          -                                 109,166                        (60,984)                                48,182
 Andrew Smith     150,800                          43,073                            193,873                        (108,303)                               85,570
 Total            259,966                          43,073                            303,039                        (169,287)                               133,752

Following the completion of the exercise and the sale, the aggregate
shareholdings of Lucas Critchley and Andrew Smith are:

 Name             Aggregate shareholding (Ordinary shares)  Percentage of total voting rights
 Lucas Critchley  70,041                                    0.08%
 Andrew Smith     585,609                                   0.69%

 

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                                      Lucas Critchley
 2.                    Reason for the notification
 a.                    Position/status                           Chief Operating 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  109,166

 

                                                                 2. Sale

Price(s)   Volume(s)

                                                                 4.005 GBP  60,984

 

 d.                    Aggregated information                    1. Exercise

Price(s)  Volume(s)
                       ·      Aggregated volume

                       ·      Price                              0.01 GBP  109,166

 

                                                                 2. Sale

Price(s)   Volume(s)

                                                                 4.005 GBP  60,984
 e.                    Date of the transaction                   1. 7 May 2026

                                                                 2. 8 May 2026

 f.                    Place of the transaction                  1. Off market

                                                                 2. XLON, London Stock Exchange

 

2. Sale

 Price(s)   Volume(s)

 4.005 GBP  60,984

 

 

d.

Aggregated information

·      Aggregated volume

·      Price

 

1. Exercise

 Price(s)  Volume(s)

 0.01 GBP  109,166

 

2. Sale

 Price(s)   Volume(s)

 4.005 GBP  60,984

e.

Date of the transaction

1. 7 May 2026

2. 8 May 2026

 

f.

Place of the transaction

1. Off market

2. XLON, London Stock Exchange

 

 

 

 

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

 

 5.                    Details of the person discharging managerial responsibilities / person closely
                       associated
 a.                    Name                                      Andrew Smith
 6.                    Reason for the notification
 a.                    Position/status                           Chief Financial Officer
 b.                    Initial notification                      Initial notification

                       /Amendment
 7.                    Details of the issuer, emission allowance market participant, auction
                       platform, auctioneer or auction monitor
 a.                    Name                                      Mears Group PLC
 b.                    LEI                                       213800DHCALLH8IRJV57
 8.                    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  194,873

 

                                                                 2. Sale

Price(s)   Volume(s)

                                                                 4.005 GBP  108,303

 

 d.                    Aggregated information                    1. Exercise

Price(s)  Volume(s)
                       ·      Aggregated volume

                       ·      Price                              0.01 GBP  194,873

 

                                                                 2. Sale

Price(s)   Volume(s)

                                                                 4.005 GBP  108,303
 e.                    Date of the transaction                   1. 7 May 2026

                                                                 2. 8 May 2026

 f.                    Place of the transaction                  1. Off market

                                                                 2. XLON, London Stock Exchange

 

2. Sale

 Price(s)   Volume(s)

 4.005 GBP  108,303

 

 

d.

Aggregated information

·      Aggregated volume

·      Price

 

1. Exercise

 Price(s)  Volume(s)

 0.01 GBP  194,873

 

2. Sale

 Price(s)   Volume(s)

 4.005 GBP  108,303

e.

Date of the transaction

1. 7 May 2026

2. 8 May 2026

 

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  DSHEAPSFFEFKEEA



            Copyright 2019 Regulatory News Service, all rights reserved