Last checked at 23 Mar 2020 07:18
23 March 2020
Mears Group PLC
("Mears" or "the Group" or "the Company")
Re Preliminary Results Announcement
The Board of Mears Group PLC (LSE: MER) announces that, following a request issued to all listed companies by the Financial Conduct Authority ("FCA"), the publication of the Group's results for the year ended 31 December 2019 will be delayed beyond 24 March 2020, being the date previously announced as the date of their publication.
Over the weekend, the FCA issued an announcement on its website asking quoted companies to "observe a moratorium on the publication of preliminary financial statements for at least two weeks" owing to the impact of Covid-19 on companies and auditors.
The Board remains confident that the Group will report audited results for 2019 in line with current market expectations and the guidance provided in the announcement of 21 January 2020.
Further announcements will be made as appropriate.
For further information, contact:
Mears Group PLC
David Miles, Chief Executive Officer | Tel: +44(0)7778 220 185 | |
Andrew Smith, Finance Director | Tel: +44(0)7712 866 461 | |
Alan Long, Executive Director | Tel: +44(0)7979 966 453 | |
www.mearsgroup.co.uk | ||
Buchanan
Mark Court/Charlotte Slater Tel: +44(0)20 7466 5000
mears@buchanan.uk.com
About Mears
Mears currently 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.