REG - Mears Grp PLC - Result of AGM

MearsAnnouncement

03/06/2026 14:15

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RNS Number : 8877G  Mears Group PLC  03 June 2026

3 June 2026

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 2025, together with            41,287,456                             2,902                                             380,367                                             41,290,358         99.99%
 the Directors' and Auditor's Reports thereon, be received and adopted.
 2 THAT the Directors' Remuneration Policy contained on pages 80 to 89 of the              39,592,492                       1,842,505                                               235,728                                             41,434,997         95.55%
 Annual Report and Accounts for the financial year ended 31 December 2025 be
 approved.
 3 THAT the annual report on remuneration contained on pages 77 to 100                     41,638,205                            30,961                                                 1,559                                           41,669,166         99.93%
 (excluding the Directors' Remuneration Policy) of the Annual Report and
 Accounts for the financial year ended 31 December 2025, be approved.
 4 THAT the proposed amendments to the rules of the Mears Group Long Term                  41,436,958                          231,449                                                  2,318                                           41,668,407         99.44%
 Incentive Plan be approved.
 5 THAT PricewaterhouseCoopers LLP ("PwC") be re-appointed as auditor of the               41,656,852                            11,821                                                 2,052                                           41,668,673         99.97%
 Company.
 6 THAT the Directors be authorised to fix the remuneration of the auditor.                41,665,425                             4,484                                                    816                                          41,669,909         99.99%
 7 THAT a final dividend of 11.90p per ordinary share for the year ended 31                41,667,595                             2,902                                                    228                                          41,670,497         99.99%
 December 2025 be declared payable on 9 July 2026 to all members whose names
 appear on the Company's register of members as at 19 June 2026.
 8 THAT Jim Clarke be re-elected as a Director.                                            39,581,880                       2,087,652                                                   1,193                                           41,669,532         94.99%
 9 THAT Lucas Critchley be re-elected as a Director.                                       41,576,875                            92,657                                                 1,193                                           41,669,532         99.78%
 10 THAT Andrew Smith be re-elected as a Director.                                         41,576,722                            92,810                                                 1,193                                           41,669,532         99.78%
 11 THAT Angela Lockwood be re-elected as a Director.                                      41,008,842                          660,065                                                  1,818                                           41,668,907         98.42%
 12 THAT Nick Wharton be re-elected as a Director.                                         39,399,556                       2,269,976                                                   1,193                                           41,669,532         94.55%
 13 THAT Clare Tickell be elected as a Director.                                           41,661,793                             6,027                                                 2,905                                           41,667,820         99.99%
 14 THAT the Board be and is hereby generally and unconditionally authorised               39,752,028                       1,901,224                                                 17,473                                            41,653,252         95.44%
 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.
 15 THAT, subject to the passing of Resolution 14, the Board be and is hereby              41,605,045                            65,207                                                    473                                          41,670,252         99.84%
 authorised, pursuant to Section 570 of the Act, to allot equity securities.
 16 THAT the Company be generally and unconditionally authorised for the                   41,289,774                            39,873                                             341,078                                             41,329,647         99.90%
 purposes of Section 701 of the Act to make market purchases.
 17 THAT the Company be and is hereby generally and unconditionally authorised             39,967,003                       1,703,406                                                      316                                          41,670,409         95.91%
 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 3 June 2026
was 84,620,550.  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 17 April 2026, which is available on the Company's website at
https://www.mearsgroup.co.uk/meetings-voting/2026-notice-of-annual-general-meeting
(https://www.mearsgroup.co.uk/meetings-voting/2026-notice-of-annual-general-meeting)
.

 

Resolutions 1 to 14 were ordinary resolutions, requiring more than 50% of
shareholders' votes to be cast in favour of the resolutions. Resolutions 15 to
17 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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