Mears Group PLC Director/PDMR Shareholding (7884Y)
May 09 2023 - 3:15AM
UK Regulatory
TIDMMER
RNS Number : 7884Y
Mears Group PLC
09 May 2023
Mears Group PLC
("Mears" or "the Group" or "the Company")
Director/PDMR Shareholding
Grant of Deferred Bonus Share 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 Deferred Bonus Share Plan to the
following directors and persons discharging managerial
responsibilities:
Director/ PDMR Position No. of Shares
under award
David J Miles Chief Executive Officer 57,051
Andrew Smith Finance Director 38,114
The awards have been granted in the form of nominal-cost options
and will normally become exercisable on 4 May 2026.
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, providing a range of services to individuals within
their homes. We manage and maintain around 450,000 homes across the
UK and work predominantly with Central Government and Local
Government typically through long-term contracts. We equally
consider the residents of the homes that we manage and maintain to
be our customers, and we take pride in the high levels of customer
satisfaction that we achieve.
Mears currently employs around 5,500 people and provides
services in every region of the UK. In partnership with our Housing
clients, we provide property management and maintenance services.
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 option under deferred share bonus
transaction plan
------------------------------ -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 0.01 GBP 57,051
----------
------------------------------ -------------------------------------------
d. Aggregated information Price(s) Volume(s)
* Aggregated volume 0.01 GBP 57,051
----------
* 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 option under deferred share bonus
transaction plan
------------------------------ -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 0.01 GBP 38,114
----------
------------------------------ -------------------------------------------
d. Aggregated information Price(s) Volume(s)
* Aggregated volume 0.01 GBP 38,114
----------
* Price
------------------------------ -------------------------------------------
e. Date of the transaction 4 May 2023
------------------------------ -------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------ -------------------------------------------
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