REG - Mears Grp PLC - Grant of Long-Term Incentive Plan awards

MearsAnnouncement

23/04/2025 16:45

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RNS Number : 9182F  Mears Group PLC  23 April 2025

Mears Group PLC

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

Director/PDMR Shareholding

Grant of Long-Term Incentive Plan awards

Mears Group PLC, the leading provider of services to the Housing sector in the
UK, announces that on 22 April 2025 the following awards over ordinary shares
of 1 pence each in the Company ("Shares") were granted under the Mears Group
Long Term Incentive Plan to the following directors and persons discharging
managerial responsibilities:

 Director/ PDMR   Position                 No. of Shares under award

 Lucas Critchley  Chief Executive Officer  94,934
 Andrew Smith     Chief Financial Officer  81,929

The awards have been granted in the form of nominal-cost options and will
normally become exercisable on 22 April 2028. Awards may become exercisable
subject to the achievement of relative Total Shareholder Return (25%) and
Earnings Per Share (75%) performance conditions measured over a three-year
performance period.

Awards granted to Executive Directors are additionally subject to a two-year
holding period following the vesting date.

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 Executive 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                 Issue of share options

 c.                    Price(s) and volume(s)

Price(s)  Volume(s)

                                                                 0.01 GBP  94,934
 d.                    Aggregated information

Price(s)  Volume(s)
                       ·      Aggregated volume

                       ·      Price                              0.01 GBP  94,934

 e.                    Date of the transaction                   22 April 2025
 f.                    Place of the transaction                  Outside a trading venue

d.

Aggregated information

·      Aggregated volume

·      Price

 

 

 Price(s)  Volume(s)

 0.01 GBP  94,934

e.

Date of the transaction

22 April 2025

f.

Place of the transaction

Outside a trading venue

 

 

 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                 Issue of share options

 c.                    Price(s) and volume(s)

Price(s)  Volume(s)

                                                                 0.01 GBP  81,929
 d.                    Aggregated information

Price(s)  Volume(s)
                       ·      Aggregated volume

                       ·      Price                              0.01 GBP  81,929

 e.                    Date of the transaction                   22 April 2025
 f.                    Place of the transaction                  Outside a trading venue

d.

Aggregated information

·      Aggregated volume

·      Price

 

 

 Price(s)  Volume(s)

 0.01 GBP  81,929

e.

Date of the transaction

22 April 2025

f.

Place of the transaction

Outside a trading venue

 

 

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