Mears Group PLC Director/PDMR Shareholding (7883Y)
May 09 2023 - 3:13AM
UK Regulatory
TIDMMER
RNS Number : 7883Y
Mears Group PLC
09 May 2023
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 4 May 2023 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 179,708
Andrew Smith Finance Director 133,432
Lucas Critchley Executive Director 98,295
The awards have been granted in the form of nominal-cost options
and will normally become exercisable on 4 May 2026. 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 2022 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 is the leading provider of services to the Affordable
Housing sector in the UK: responsible for the maintenance of c.10%
of the UK's social housing stock; and managing over 10,000 homes
for local and central government.
Mears currently employs around 5,500 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 179,708
----------
--------------------------------- -----------------------------
d. Aggregated information Price(s) Volume(s)
* Aggregated volume 0.01 GBP 179,708
----------
* Price
--------------------------------- -----------------------------
e. Date of the transaction 4 May 2023
--------------------------------- -----------------------------
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 Finance 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 133,432
----------
--------------------------------------- ----------------------------------
d. Aggregated information Price(s) Volume(s)
* Aggregated volume 0.01 GBP 133,432
----------
* Price
--------------------------------------- ----------------------------------
e. Date of the transaction 4 May 2023
--------------------------------------- ----------------------------------
f. Place of the Outside a trading venue
transaction
--------------------------------------- ----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Lucas Critchley
--------------------------------------- ----------------------------------
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 98,295
----------
--------------------------------------- ----------------------------------
d. Aggregated information Price(s) Volume(s)
* Aggregated volume 0.01 GBP 98,295
----------
* Price
--------------------------------------- ----------------------------------
e. Date of the transaction 4 May 2023
--------------------------------------- ----------------------------------
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHEAXSNEFADEEA
(END) Dow Jones Newswires
May 09, 2023 03:13 ET (07:13 GMT)
Mears (AQSE:MER)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mears (AQSE:MER)
Historical Stock Chart
From Jul 2023 to Jul 2024