Mears Group PLC Result of General Meeting (5178G)

TIDMMER

RNS Number : 5178G

Mears Group PLC

25 November 2020

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.

25 November 2020

Mears Group PLC

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

Disposal of TerraQuest: Result of General Meeting and MHCLG Consent

Notification of Q4 trading update announcement date

Further to the Company's announcement on 6 November 2020, Mears is pleased to announce that at the General Meeting held today, the resolution to approve the disposal of TerraQuest Solutions Limited and its subsidiary undertakings (the "Disposal") was passed. Full details of the resolution are set out in the Notice of General Meeting dated 6 November 2020.

 
 Result of General Meeting    Number of Shares   % of Shares 
                                         voted         voted 
 FOR                                95,480,750         86.1% 
                             -----------------  ------------ 
 AGAINST                                 7,286          0.0% 
                             -----------------  ------------ 
 TOTAL                              95,488,036         86.2% 
                             -----------------  ------------ 
 WITHHELD                                1,564          0.0% 
                             -----------------  ------------ 
 

* As at the Voting Record Time there were 110,836,888 Mears Group shares in issue

In addition, Mears is pleased to announce that today the condition requiring consent from the Ministry of Housing, Communities & Local Government ("MHCLG") in relation to the Disposal has also been satisfied. There being no further conditions to be satisfied, completion of the Disposal is expected to occur on or around 9 December 2020.

Mears also confirms that it will be announcing its scheduled Q4 trading update on Tuesday 8 December 2020.

For further information, contact:

 
 Mears Group PLC 
 David Miles, Chief Executive Officer       Tel: [phone] 
 Andrew Smith, Finance Director             Tel: [phone] 
 Alan Long, Executive Director              Tel: [phone] 
 Joe Thompson, Investor Relations           Tel: [phone] 
 www.mearsgroup.co.uk 
 
 Investec Bank plc                          Tel: [phone] 
  (Sponsor and Financial Adviser to Mears 
  Group PLC) 
  Daniel Adams 
  Virginia Bull 
  Will Fenby 
 Peel Hunt                                  Tel: [phone] 
  ( C orporate Broker to Mears Group PLC) 
  Nicholas How 
  Ed Allsopp 
 

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November 25, 2020 09:24 ET (14:24 GMT)