Mears Grp Plc Statement Re Price Movement

TIDMMER RNS Number : 2975O Mears Group PLC 25 June 2010 ? 25 June 2010 Mears Group PLC ("Mears" or "the Group") Statement re Price Movement Mears notes the announcement made by Connaught regarding the delays in contracts within Social Housing and reflective share price movements. Mears is pleased to announce that they have not experienced such delays as a result of the Emergency Budget, and current trading remains in line with management expectations. Mears is continuing to deliver strong trading across all divisions with an order book which currently stands at GBP2.5 billion with secured revenues of 91% of consensus forecast for the current year. -ends- +----------------------------+-------------------------+ | Enquires | | +----------------------------+-------------------------+ | Mears Group PLC | | +----------------------------+-------------------------+ | Bob Holt, Chief Executive | Tel: +44(0)7778 798 816 | +----------------------------+-------------------------+ | Andrew Smith, Finance | Tel: +44(0)7712 866 461 | | Director | | +----------------------------+-------------------------+ | IR - Hansard | | | Communications | | +----------------------------+-------------------------+ | John Bick | Tel: +44(0)7872 061007 | +----------------------------+-------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END SPMFAMFTMBTTBBM (END) Dow Jones Newswires June 25, 2010 12:22 ET (16:22 GMT) Mears