MEARS GROUP PLC

Major Shareholding Notification • Nov 10, 2020

National Storage Mechanism | Additional information

RNS Number : 8846E

Mears Group PLC

10 November 2020

10 November 2020

Mears Group plc

("Mears" or the "Company") 

Director/PDMR Shareholding

Total Voting Rights

The Company was notified on 9 November 2020 of the following exercises over ordinary shares of 1 penny each in the Company ("Ordinary Shares") pursuant to the Management Incentive Plan.

Name	Position	No. of options exercised	No. of Ordinary Shares held following exercise	% holding of share capital
David Miles	CEO	161,749	336,769	0.30%
Andrew Smith	CFO	69,333	199,333	0.18%
Alan Long	Director	56,727	92,957	0.08%

The Directors are retaining all the shares to be issued as a result of the exercise, and are meeting the income tax liability arising from the exercise out of their own resources.

Total Voting Rights

Following the transactions set out above, the Company's issued share capital consists of 110,836,888 Ordinary Shares with voting rights.  The Company does not hold any Ordinary Shares in Treasury.

Therefore, the total number of Ordinary Shares in the Company with voting rights is 110,836,888.  The figure of 110,836,888 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure, Guidance and Transparency Rules.

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Miles
2	Reason for the notification
a)	Position/status	Chief Executive 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	Exercise of share options
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		1 pence	57,750
		1 pence	103,999
d)	Aggregated information
- Aggregated volume	161,749
- Price - Total	1 pence per share £1,617.49
e)	Date of the transaction	6 November 2020
f)	Place of the transaction	Outside of 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 /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	Exercise of share options
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		1 pence	69,333
d)	Aggregated information
- Aggregated volume	69,333
- Price - Total	1 pence per share £693.33
e)	Date of the transaction	6 November 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alan Long
2	Reason for the notification
a)	Position/status	Executive 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	Exercise of share options
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		1 pence	56,727
d)	Aggregated information
- Aggregated volume	56,727
- Price - Total	1 pence per share £567.27
e)	Date of the transaction	6 November 2020
f)	Place of the transaction	Outside of a trading venue

For further information, contact:

Mears Group PLC

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

www.mearsgroup.co.uk

Notes for editors

Mears employs around 6,500 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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