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MEARS GROUP PLC
Director's Dealing • Jun 20, 2024
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 2787T
Mears Group PLC
20 June 2024
20 June 2024
Mears Group plc
("Mears" or the "Company")
Exercise of options and PDMR dealing
Mears Group PLC (LSE: MER) announces that on 18 June 2024, Andrew Smith, Chief Finance Officer and David Miles, Operations Director, both PDMRs, exercised share options over 451,409 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 20 June 2024, Andrew Smith has sold 99,697 Ordinary Shares and David Miles has sold 149,527 Ordinary Shares at an average price of 361 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 |
| Andrew Smith | 156,921 | 23,656 | 180,577 | (99,697) | 80,880 |
| David Miles | 235,352 | 35,480 | 270,832 | (149,527) | 121,305 |
| Total | 392,273 | 59,136 | 451,409 | (249,224) | 202,185 |
Following the completion of the exercise and the sale, the aggregate shareholdings of Andrew Smith and David Miles will be:
| Name | Aggregate shareholding (Ordinary shares) | Percentage of total voting rights |
| Andrew Smith | 370,880 | 0.4% |
| David Miles | 458,074 | 0.5% |
| For further information, contact: | |
| Mears Group PLC | Tel: +44(0)1452 634 600 |
| Andrew Smith | |
| Deutsche Numis | Tel: +44(0)207 260 1000 |
| Julian Cater | |
| Kevin Cruickshank | |
| Panmure Gordon | Tel: +44(0)207 886 2500 |
| Tom Scrivens | |
| James Sinclair-Ford |
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 | Andrew Smith | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Finance Officer | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 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 financial instrument, type of instrument | Ordinary shares of 1 pence each | |||
| Identification code | GB0005630420 | ||||
| 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) | ||||
| 1p | 180,577 | ||||
| 2. Sale | |||||
| Price(s) | Volume(s) | ||||
| 361p | 99,697 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | Exercised 180,577 options at 1p per share | ||||
| - Price - Total |
Sold 99,697 Ordinary Shares at 361p | ||||
| e) | Date of the transaction | 1. 18 June 2024 2. 20 June 2024 |
|||
| 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.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | David Miles | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Operations Director | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 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 financial instrument, type of instrument | Ordinary shares of 1 pence each | |||
| Identification code | GB0005630420 | ||||
| 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) | ||||
| 1p | 270,832 | ||||
| 2. Sale | |||||
| Price(s) | Volume(s) | ||||
| 361p | 149,527 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume - Price - Total |
Exercised 270,832 options at 1p per share Sold 149,527 Ordinary shares at 361p |
||||
| e) | Date of the transaction | 1. 18 June 2024 2. 20 June 2024 |
|||
| f) | Place of the transaction | 1. Off market 2. XLON, London Stock Exchange |
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