REG - Mears Grp PLC - Result of AGM

MearsAnnouncement

04/06/2025 11:00

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RNS Number : 4176L  Mears Group PLC  04 June 2025

4 June 2025

Mears Group PLC

("Mears")

 

Result of AGM

 

Mears Group PLC held its Annual General Meeting ("AGM") earlier today. In
summary, all resolutions were duly passed on a poll. The results of each
resolution are as follows:

 

 Resolution                                                                      Votes For   Votes Against  Votes withheld  Total votes cast  Percentage of issued share capital voted (%)
 1 THAT the audited accounts for the year ended 31 December 2024, together with  58,261,673  1,193          609,626         58,262,866        100.00
 the Directors' and Auditor's Reports thereon, be received and adopted.
 2 THAT the annual report on remuneration contained on pages 99 to 109 of the    58,852,972  13,569         5,951           58,866,541        99.98
 Annual Report and Accounts for the financial year ended 31 December 2024, be
 approved.
 3 THAT PricewaterhouseCoopers LLP ("PwC") be re-appointed as auditor of the     58,866,298  3,543          2,651           58,869,841        99.99
 Company.
 4 THAT the Directors be authorised to fix the remuneration of the auditor.      58,868,164  3,677          651             58,871,841        99.99
 5 THAT a final dividend of 11.25p per ordinary share for the year ended 31      58,871,803  38             651             58,871,841        100.00
 December 2024 be declared payable on 10 July 2025 to all members whose names
 appear on the Company's register of members as at 20 June 2025.
 6 THAT Jim Clarke be re-elected as a Director.                                  56,319,419  2,173,422      379,651         58,492,841        96.28
 7 THAT Lucas Critchley be re-elected as a Director.                             58,378,930  487,911        5,651           58,866,841        99.17
 8 THAT Andrew Smith be re-elected as a Director.                                57,644,204  1,222,637      5,651           58,866,841        97.92
 9 THAT Angela Lockwood be re-elected as a Director.                             57,433,588  1,433,404      5,500           58,866,992        97.57
 10 THAT Nick Wharton be re-elected as a Director.                               52,565,953  6,285,825      20,714          58,851,778        89.32
 11 THAT the Board be and is hereby generally and unconditionally authorised     53,364,699  5,507,142      651             58,871,841        90.65
 pursuant to Section 551 of the Companies Act 2006 (the 'Act') to exercise all
 the powers of the Company to allot shares in the Company.
 12 THAT, subject to the passing of Resolution 11, the Board be and is hereby    58,824,004  46,354         2,134           58,870,358        99.92
 authorised, pursuant to Section 570 of the Act, to allot equity securities.
 13 THAT the Company be generally and unconditionally authorised for the         53,654,440  4,876,535      341,517         58,530,975        91.67
 purposes of Section 701 of the Act to make market purchases.
 14 THAT the Company be and is hereby generally and unconditionally authorised   53,702,208  5,169,529      755             58,871,737        91.22
 to hold general meetings (other than an annual general meeting) on 14 clear
 days' notice from the date of the passing of this resolution.

 

Notes:

 

(i)            Votes 'For' include those votes giving the Chairman
discretion.

(ii)           The number of ordinary shares in issue on 4 June 2025
was 86,474,628.  Shareholders are entitled to one vote per share.

(iii)          A vote withheld is not a vote in law and is not
counted in the calculation of the proportion of votes validly cast.

 

Full details of the resolutions are set out in the Notice of Annual General
Meeting dated 28 April 2025, which is available on the Company's website at
https://www.mearsgroup.co.uk/meetings-voting/2025-notice-of-annual-general-meeting
(https://www.mearsgroup.co.uk/meetings-voting/2025-notice-of-annual-general-meeting)
.

 

Resolutions 1 to 11 were ordinary resolutions, requiring more than 50% of
shareholders' votes to be cast in favour of the resolutions. Resolutions 12 to
14 were special resolutions, requiring at least 75% of shareholders' votes to
be cast in favour of the resolutions.

 

A copy of all the resolutions passed at the Annual General Meeting has been
submitted to the Financial Conduct Authority via the National Storage
Mechanism and will shortly be available for inspection.

 

For further information, contact:

 

Mears Group PLC

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

www.mearsgroup.co.uk

 

Notes for editors

 

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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