Update re: KPMG/Connaught

 

TIDMMER TIDMCNT 
 
RNS Number : 6581S 
Mears Group PLC 
14 September 2010 
 

 
 
14 September 2010 
                                Mears Group PLC 
                    ("Mears" or "the Company" or "the Group") 
 
                            Update Re: KPMG/Connaught 
 
The Board of Mears notes the recent press coverage of the Connaught situation 
and the KPMG administration and confirms that the Company has acquired contracts 
for a nominal sum that provides an opportunity to deliver services to a small 
number of customers. Discussions with these customers are still ongoing so the 
Mears Board is not yet in a position to provide clarity on the future revenues 
which may arise as a result. 
 
A further announcement will be made as and when it is appropriate to do so. 
 
Commenting, Bob Holt, chairman of Mears Group, said: 
 
"This is a sad situation not only for employees but also for subcontractors and 
the communities that depend on these services. We are pleased to be able to 
offer our services to those local authorities who found themselves at risk of 
not providing their tenants with a repairs service." 
 
ends. 
 
+------------+----------------------+----------------------------+ 
| About      | www.mearsgroup.co.uk | (tickers: MER.L  MER.LN    | 
| Mears      |                      | MER.PL)                    | 
+------------+----------------------+----------------------------+ 
 
Mears is a leading social housing repairs and maintenance service provider to 
Local Authorities and Registered Social Housing Landlords in the UK and, 
following the acquisition of Supporta, now commands a leading position in the UK 
Local Authorities' outsourced domiciliary care market, providing personal care 
services to people in their own homes. 
 
Mears employs in excess of 11,000 people and provides maintenance and repairs 
services to 500,000 homes nationwide. Mears also provides over 150,000 hours of 
domiciliary care to 20,000 service users each week. 
 
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| Enquiries:                         |                    | 
|                                    |                    | 
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| Mears Group PLC                    |                    | 
+------------------------------------+--------------------+ 
| Bob Holt, Chairman                 | Tel: [phone]    | 
|                                    | 798 816            | 
+------------------------------------+--------------------+ 
| Andrew Smith, Finance Director     | Tel: [phone]    | 
|                                    | 866 461            | 
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|                                    |                    | 
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| Joint Broker - Investec            |                    | 
+------------------------------------+--------------------+ 
| Keith Anderson/Daniel Adams        | Tel: [phone] | 
|                                    | 5970               | 
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|                                    |                    | 
+------------------------------------+--------------------+ 
| Joint Broker - Collins Stewart     |                    | 
+------------------------------------+--------------------+ 
| Mark Dickenson/Ileana Antypas      | Tel: [phone] | 
|                                    | 8350               | 
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|                                    |                    | 
+------------------------------------+--------------------+ 
| PR - Threadneedle Communications   |                    | 
+------------------------------------+--------------------+ 
| Trevor Bass/Alex White             | Tel: [phone] | 
|                                    | 9859               | 
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|                                    |                    | 
+------------------------------------+--------------------+ 
| IR - Hansard Communications        | Tel: [phone] | 
|                                    | 1100               | 
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| John Bick/Kirsty Corcoran          | Tel: [phone]    | 
|                                    | 061007             | 
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   END 
 
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