23 Mar 2012 07:00
23 March 2012
Mears Group PLC
("Mears" or the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons in accordance with DTR 3.1.2 R
The Company was notified on 22 March 2012 that Robert (Bob) Holt, Chairman of Mears, had exercised share options over 1,500,000 ordinary shares of one pence each in the Company ("Ordinary Shares") on 22 March 2012.
Exercise of options under Mears Group PLC Special Incentive Plan ("SIP"):
Date of grant | Number of Ordinary Shares over which options were exercised | Exercise price per Ordinary Share (pence) |
28 September 2009 | 1,500,000 | 1 |
Subsequently, on 22 March 2012, Mr Holt sold 2,000,000 Ordinary Shares each at a price of 250 pence per share.
Following this disposal, Mr Holt holds no Ordinary Shares and has an interest in share options under the SIP over 1,000,000 Ordinary Shares in the Company.
Enquiries:
Mears Group PLC | |
Bob Holt, Chairman | Tel: +44(0)7778 798 816 |
Andrew Smith, Finance Director | Tel: +44(0)7712 866 461 |
Joint Broker - Collins Stewart | |
Mark Dickenson/Lucy Tilley | Tel: +44(0)20 7523 8350 |
Joint Broker - Investec | |
Keith Anderson/Daniel Adams | Tel: +44(0)20 7597 5970 |
Gable Communications | Tel: +44(0) 20 7193 7463 |
John Bick/Justine James mears@gablecommunications.com | Tel: +44(0)7872 061 007 |
Mears (MER)