17 Aug 2011 16:16
Mears Group PLC
("Mears" or the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons accordance with DTR 3.1.2 R
The Company was notified today that Robert (Bob) Holt, Chairman of Mears, has today exercised share options over 400,965 ordinary shares of 1 penny in the Company ("Ordinary Shares").
Exercise of options under Mears Group Share Option Scheme:
Date of grant | Number Ordinary Shares over which options were exercised | Exercise price per Ordinary Share (pence) |
10 April 2003 | 129,870 | 77 |
10 April 2003 | 240,642 | 1 |
1 April 2004 | 30,453 | 1 |
Subsequently Mr Holt sold 400,965 Ordinary Shares each at an average price of 271.77 pence per share.
Following this disposal, Mr Holt has an interest in 500,000 Ordinary Shares and share options under the SIP over 2,500,000 Ordinary Shares in the Company.
Enquiries:
Bob Holt, Chairman Tel: +44(0)7778 798 816
Joint Broker - Investec
Keith Anderson/Daniel Adams Tel: +44(0)20 7597 5970
Joint Broker - Collins Stewart
Mark Dickenson/Ileana Antypas Tel: +44(0)20 7523 8350
IR - Gable Communications Tel: +44(0) 20 71937463
John Bick/Justine James Tel: +44(0)7872 061007
Mears (MER)