Mears Regulatory News (MER)

Mears Group PLC

("Mears" or the "Company")

 Update on Requisition of General Meeting

Mears Group PLC (LSE: MER), the provider of support services to the Housing and Care sectors in the UK, announces, further to the Company's announcement on 6 July 2018 relating to the requisition of a general meeting (the "Requisition"), that on 11 July 2018 it received a further notice on behalf of Frankfurter Aktienfonds für Stiftungen, a fund advised by Shareholder Value Management AG, purporting to be an additional resolution to be put forward at a general meeting of the Company's shareholders. The notice proposes a resolution to the effect that Andy Hogarth, if appointed as a Director, also be appointed as Chairman of the Board of Directors of the Company.

The Company stated in its announcement on 6 July 2018 that Board appointments are not a matter for a single shareholder and that proper due process should be followed. Moreover, the Company's articles of association are clear that the appointment of the Chairman is a matter for the Board to determine. The Company has therefore concluded that the proposed resolution would be ineffective if passed and accordingly the resolution will not be put to the Company's shareholders at the general meeting to be called pursuant to the Requisition.

The Board of Directors confirms its current intention, in accordance with section 304 of the Companies Act 2006 (the "Act"), to call a general meeting pursuant to the Requisition in accordance with the requirements of the Act. The Company has 21 days to call the general meeting following the receipt of the Requisition on 4 July 2018.

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

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.