Last checked at 10 Nov 2020 15:30
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.