MEARS GROUP PLC

Declaration of Voting Results & Voting Rights Announcements • May 17, 2022

National Storage Mechanism | Additional information

RNS Number : 7811L

Mears Group PLC

17 May 2022

17 May 2022

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 To receive and adopt the Directors' and Auditor's Reports and Audited Accounts for the year ended 31 December 2021	90,854,578	21,581	406,223	90,876,159	81.9%
2 To approve the Remuneration report	84,282,609	6,989,739	10,034	91,272,348	82.3%
3 To re-appoint Ernst & Young LLP as auditor of the Company	90,856,691	425,181	510	91,281,872	82.3%
4 To authorise the Directors to fix the remuneration of the auditor	91,255,707	26,307	368	91,282,014	82.3%
5 To approve a final dividend of 5.5p per ordinary share	91,277,097	5,134	151	91,282,231	82.3%
6 To re-elect Kieran Murphy	80,410,552	10,870,601	1,229	91,281,153	82.3%
7 To re-elect David Miles	90,871,410	409,743	1,229	91,281,153	82.3%
8 To re-elect Andrew Smith	83,061,020	8,220,133	1,229	91,281,153	82.3%
9 To re-elect Alan Long	81,152,394	10,128,759	1,229	91,281,153	82.3%
10 To re-elect Julia Unwin	80,739,473	10,541,874	1,035	91,281,347	82.3%
11 To re-elect Jim Clarke	81,116,332	10,164,821	1,229	91,281,153	82.3%
12 To re-elect Chris Loughlin	90,459,572	821,581	1,229	91,281,153	82.3%
13 To re-elect Claire Gibbard	81,144,512	10,136,835	1,035	91,281,347	82.3%
14 To elect Angela Lockwood	91,233,955	47,392	1,035	91,281,347	82.3%
15 To authorise the Directors to allot relevant securities generally pursuant to Section 551 of the Companies Act 2006	84,697,957	6,584,425	-	91,282,382	82.3%
16 To authorise the Directors to allot relevant securities pursuant to Section 570 of the Companies Act 2006 in connection with a rights issue, open offer or other offer of securities	91,243,914	37,282	1,186	91,281,196	82.3%
17 To authorise the Company to make market purchases of its ordinary shares	90,743,364	398,304	140,714	91,141,668	82.1%
18 To authorise the holding of general meetings on 14 clear days' notice	84,384,235	6,895,996	2,151	91,280,231	82.3%

Notes:

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

(ii)           The number of ordinary shares in issue on 17 May 2022 was 110,953,774.  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 13 April 2022, which is available on the Company's website at https://www.mearsgroup.co.uk/meetings-voting/2022-notice-of-annual-general-meeting.

Resolutions 1 to 15 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 16 to 18 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.

The Board is pleased that all resolutions have been approved by shareholders at the 2022 AGM.

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

Andrew Smith, Finance Director                                                       Tel: +44(0)7712 866 461

www.mearsgroup.co.uk

Notes for editors

Mears is the leading provider of services to the Affordable Housing sector in the UK: responsible for the maintenance of c.10% of the UK's social housing stock; and managing over 10,000 homes for local and central government.

Mears currently employs around 5,500 people and provides services in every region of the UK. In partnership with our Housing clients, we maintain, repair and upgrade the homes of hundreds of thousands of people in communities from remote rural villages to large inner-city estates. 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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