24 Apr 2013 13:01
Mears Group PLC
("Mears" or the "Company")
Placing of Ordinary Shares
On 8 November 2012, Mears announced the acquisition of Morrison Facilities Services Limited ("Morrison"). Part of the consideration for Morrison was the issue of 2,833,489 ordinary shares of 1 penny each in the Company to Anglian Water Group Limited ("AWG"), which were subject to a lock-in for 12 months.
Due to strong institutional demand, Mears has today released AWG from this lock-in and Investec Bank plc and Canaccord Genuity Limited, on behalf of AWG, have placed the full 2,833,489 ordinary shares. Following this transaction, AWG no longer has any holding in Mears.
Enquiries:
Mears | |
David Miles, Chief Executive Andrew Smith, Finance Director Bob Holt, Chairman | Tel: +44(0)7778 220 185 Tel: +44(0)7712 866 461 Tel: +44(0)7778 798 816 |
Joint Broker - Investec Keith Anderson/Daniel Adams | Tel: +44(0)20 7597 5970 |
Joint Broker - Canaccord Genuity Piers Coombs/Lucy Tilley | Tel: +44(0)20 7523 8350 |
Gable Communications John Bick/Justine James mears@gablecommunications.com | Tel: +44(0)20 7193 7463 Tel: +44(0)7872 061 007 |
Mears (MER)