Mears Group Plc Regulatory News (MER.PL)

Mears Group PLC

("Mears" or "the Group" or "the Company")

Notification of contract award - North Lanarkshire Council

Mears Group PLC, the leading provider of services to the UK Housing sector, is pleased to confirm that it has received notification by North Lanarkshire Council ('NLC') of its intention to award to Mears Limited, the Housing & Corporate Maintenance and Investment Services Contract ('the contract'). The mobilisation of the contract will commence immediately.

The contract, which extends the Group's long-standing relationship with NLC for a period of up to 12 years and with an estimated annual value of over £125m, provides reactive maintenance, statutory compliance, and inspection services, as well as programmes of planned works to NLC's housing assets (c.37,000 homes) and corporate assets (c.1,200 buildings).

About Mears

Mears is a leading provider of services to the Housing sector, providing a range of services to individuals within their homes. We manage and maintain around 450,000 homes across the UK and work predominantly with Central Government and Local Government, typically through long-term contracts. We equally consider the residents of the homes that we manage and maintain to be our customers, and we take pride in the high levels of customer satisfaction that we achieve.

Mears currently employs over 5,000 people and provides services in every region of the UK. In partnership with our Housing clients, we provide property management and maintenance services. 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.