Mears Group PLC - Gloucester-based housing maintenance and social housing provider - Completes GBP20 million share buyback programme announced in February. Buys back and cancels 5.6 million share, 5.5% of its total prior to the buyback. It pays an average of 358.7 pence per share.
Last week, Mears said pretax profit rose 34% to GBP46.9 million in 2023 from GBP34.9 million in 2022, on a 14% increase in revenue to GBP1.09 billion from GBP956.6 million. In addition to the share buyback, it declared a cash dividend for 2023 of 13.00p, up 24% from 10.5p for 2022.
Current stock price: 357.80p
12-month change: up 75%
By Tom Waite, Alliance News editor
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Mears (MER)