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Share Name Share Symbol Market Type Share ISIN Share Description
Mears Group Plc LSE:MER London Ordinary Share GB0005630420 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -0.78% 190.00 182.50 186.50 190.00 186.50 190.00 69,804 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 805.8 -15.2 40.2 4.7 211

Mears Group PLC Grant of LTIP awards

11/06/2021 12:31pm

UK Regulatory (RNS & others)


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RNS Number : 6761B

Mears Group PLC

11 June 2021

Mears Group PLC

("Mears" or "the Group" or "the Company")

Director/PDMR Shareholding

Grant of Long-Term Incentive Plan awards

Mears Group PLC, the leading provider of services to the Housing sector in the UK, announces that on 10 June 2021 the following awards over ordinary shares of 1 pence each in the Company ("Shares") were granted under the Mears Group Long Term Incentive Plan to the following directors and persons discharging managerial responsibilities:

 
 Director/ PDMR            Position               No. of Shares 
                                                   under award 
 
 David J Miles     Chief Executive Officer         213,876 
 Andrew Smith          Finance Director            142,603 
 Alan Long            Executive Director           116,675 
 

The awards have been granted in the form of nominal-cost options and will normally become exercisable on 10 June 2024. Awards may become exercisable subject to the achievement of relative Total Shareholder Return (50%) and Earnings Per Share (50%) performance conditions measured over a three-year performance period (as detailed in the 2020 Annual Report and Accounts).

Awards granted to Executive Directors are additionally subject to a two-year holding period following the vesting date.

Contact information

   Ben Westran, Company Secretary                                              Tel: +44(0)1452 634600 

www.mearsgroup.co.uk

About Mears

Mears currently employs around 6,000 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 and to provide accommodation and support for the most vulnerable.

We focus on long-term outcomes for people rather than short-term solutions and invest in innovations that have a positive impact on people's quality of life and on their communities' social, economic and environmental wellbeing. Our innovative approaches and market leading positions are intended to create value for our customers and the people they serve while also driving sustainable financial returns for our providers of capital, especially our shareholders.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 ( as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
      a.         Name                               David Miles 
                ---------------------------------  ----------------------------- 
            2.   Reason for the notification 
                ---------------------------------------------------------------- 
            a.   Position/status                    Chief Executive Officer 
                ---------------------------------  ----------------------------- 
            b.   Initial notification               Initial notification 
                  /Amendment 
                ---------------------------------  ----------------------------- 
            3.   Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ---------------------------------------------------------------- 
            a.   Name                               Mears Group PLC 
                ---------------------------------  ----------------------------- 
            b.   LEI                                213800DHCALLH8IRJV57 
                ---------------------------------  ----------------------------- 
            4.   Details of the transaction(s): section to be repeated for 
                  (i) each type of instrument; (ii) each type of transaction; 
                  (iii) each date; and (iv) each place where transactions 
                  have been conducted 
                ---------------------------------------------------------------- 
            a.   Description of                     Ordinary shares of 1p each 
                  the                                GB0005630420 
                  Financial instrument, 
                  type 
                  of instrument 
                  Identification 
                  code 
                ---------------------------------  ----------------------------- 
            b.   Nature of the                      Issue of share options 
                  transaction 
                ---------------------------------  ----------------------------- 
            c.   Price(s) and                         Price(s)    Volume(s) 
                  volume(s)                            0.01 GBP    213,876 
                                                                  ---------- 
                ---------------------------------  ----------------------------- 
            d.        Aggregated information          Price(s)    Volume(s) 
                        *    Aggregated volume         0.01 GBP    213,876 
                                                                  ---------- 
 
                        *    Price 
                ---------------------------------  ----------------------------- 
            e.   Date of the transaction            10 June 2021 
                ---------------------------------  ----------------------------- 
            f.   Place of the                       Outside a trading venue 
                  transaction 
                ---------------------------------  ----------------------------- 
 
 
            1.              Details of the person discharging managerial responsibilities 
                             / person closely associated 
      a.         Name                                     Andrew Smith 
                ---------------------------------------  ---------------------------------- 
            2.   Reason for the notification 
                --------------------------------------------------------------------------- 
            a.   Position/status                          Chief Finance Officer 
                ---------------------------------------  ---------------------------------- 
            b.   Initial notification                     Initial notification 
                  /Amendment 
                ---------------------------------------  ---------------------------------- 
            3.   Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                --------------------------------------------------------------------------- 
            a.   Name                                     Mears Group PLC 
                ---------------------------------------  ---------------------------------- 
            b.   LEI                                      213800DHCALLH8IRJV57 
                ---------------------------------------  ---------------------------------- 
            4.   Details of the transaction(s): section to be repeated for 
                  (i) each type of instrument; (ii) each type of transaction; 
                  (iii) each date; and (iv) each place where transactions 
                  have been conducted 
                --------------------------------------------------------------------------- 
            a.   Description of                           Ordinary shares of 1p each 
                  the                                      GB0005630420 
                  Financial instrument, 
                  type 
                  of instrument 
                  Identification 
                  code 
                ---------------------------------------  ---------------------------------- 
            b.   Nature of the                            Issue of share options 
                  transaction 
                ---------------------------------------  ---------------------------------- 
            c.   Price(s) and                               Price(s)    Volume(s) 
                  volume(s)                                  0.01 GBP    142,603 
                                                                        ---------- 
                ---------------------------------------  ---------------------------------- 
            d.        Aggregated information                Price(s)    Volume(s) 
                        *    Aggregated volume               0.01 GBP    142,603 
                                                                        ---------- 
 
                        *    Price 
                ---------------------------------------  ---------------------------------- 
            e.   Date of the transaction                  10 June 2021 
                ---------------------------------------  ---------------------------------- 
            f.   Place of the                             Outside a trading venue 
                  transaction 
                ---------------------------------------  ---------------------------------- 
 
 
            1.              Details of the person discharging managerial responsibilities 
                             / person closely associated 
      a.         Name                                     Alan Long 
                ---------------------------------------  ---------------------------------- 
            2.   Reason for the notification 
                --------------------------------------------------------------------------- 
            a.   Position/status                          Executive Director 
                ---------------------------------------  ---------------------------------- 
            b.   Initial notification                     Initial notification 
                  /Amendment 
                ---------------------------------------  ---------------------------------- 
            3.   Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                --------------------------------------------------------------------------- 
            a.   Name                                     Mears Group PLC 
                ---------------------------------------  ---------------------------------- 
            b.   LEI                                      213800DHCALLH8IRJV57 
                ---------------------------------------  ---------------------------------- 
            4.   Details of the transaction(s): section to be repeated for 
                  (i) each type of instrument; (ii) each type of transaction; 
                  (iii) each date; and (iv) each place where transactions 
                  have been conducted 
                --------------------------------------------------------------------------- 
            a.   Description of                           Ordinary shares of 1p each 
                  the                                      GB0005630420 
                  Financial instrument, 
                  type 
                  of instrument 
                  Identification 
                  code 
                ---------------------------------------  ---------------------------------- 
            b.   Nature of the                            Issue of share options 
                  transaction 
                ---------------------------------------  ---------------------------------- 
            c.   Price(s) and                               Price(s)    Volume(s) 
                  volume(s)                                  0.01 GBP    116,675 
                                                                        ---------- 
                ---------------------------------------  ---------------------------------- 
            d.        Aggregated information                Price(s)    Volume(s) 
                        *    Aggregated volume               0.01 GBP    116,675 
                                                                        ---------- 
 
                        *    Price 
                ---------------------------------------  ---------------------------------- 
            e.   Date of the transaction                  10 June 2021 
                ---------------------------------------  ---------------------------------- 
            f.   Place of the                             Outside a trading venue 
                  transaction 
                ---------------------------------------  ---------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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June 11, 2021 07:31 ET (11:31 GMT)

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