Last checked at 19 Nov 2020 07:00
19 November 2020
Mears Group plc
("Mears" or the "Company")
Block Listing Application
The Company announces that application has been made to the UK Listing Authority ("UKLA") and the London Stock Exchange ("LSE") for the listing of 284,968 ordinary shares of 1 penny each ("Ordinary Shares") to trade on the LSE and to be admitted to the Official List of the UKLA.
All of these Ordinary Shares are being reserved under an extension to an existing block listing and will be issued as a result of the exercise of share options pursuant to the following schemes:
Scheme name | No. Ordinary Shares |
Approved Company Share Option Plan | 9,989 |
Unapproved Company Share Option Plan | 131,025 |
Save As You Earn Scheme | 65,826 |
Long Term Incentive Plan | 15,993 |
Management Incentive Plan | 62,135 |
Total | 284,968 |
It is expected that admission of these Ordinary Shares will become effective on 25 November 2020. These Ordinary shares will rank, pari passu, with the existing Ordinary Shares in issue and will be allotted form time to time in accordance with the exercise of options under these various schemes.
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.