Last checked at 5 Jul 2018 08:12
5 July 2018 |
Mears Group PLC
("Mears" or "the Company")
Requisition of General Meeting
Mears Group PLC (LSE: MER), the provider of support services to the Housing and Care sectors in the UK, announces that on 4 July it received from a shareholder a notice pursuant to sections 168 and 303 of the Companies Act 2006 (the "Act") requisitioning a general meeting of the Company's shareholders (the "Requisition"). Mears has been informed that the shareholder holds approximately 8.9% of the paid up capital of the Company, the shares being beneficially owned by Frankfurter Aktienfonds fur Stiftungen, a fund advised by Shareholder Value Management AG.
The Requisition proposes two resolutions. Firstly, that Bob Holt be removed from the Board of Directors of the Company and secondly, that an alternative candidate be appointed as Non-Executive Director.
The Board of Directors currently intends, in accordance with section 304 of the Act, to call such a general meeting within 21 days of the receipt of the Requisition and to provide for such meeting to be held on a date not more than 28 days after the date of the notice of such meeting.
Shareholders are advised to take no action at this time. Further announcements will be made in due course.
The information contained within this announcement is considered by Mears to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. The person responsible for arranging the release of this announcement on behalf of the Company is Andrew Smith, CFO.
For further information, contact:
Mears Group PLC
David Miles, Chief Executive | Tel: +44(0)7778 220 185 |
www.mearsgroup.co.uk
|
Buchanan
Mark Court, Sophie Wills, Catriona Flint Tel: +44(0)20 7466 5000
mears@buchanan.uk.com
Notes for editors
Mears employs around 12,000 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. Our Care teams provide support to over 15,000 people a year, enabling older and disabled people to continue living in their own homes.
We focus on long-term outcomes for people rather than short-term solutions, and invest in innovations that make a positive impact on people's quality of life and on their communities' social, economic and environmental wellbeing.