Director/PDMR Shareholding

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: [phone]

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 /Amendment	Initial notification
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 the Financial instrument, type of instrument Identification code	Ordinary shares of 1p each GB0005630420
b.	Nature of the transaction	Issue of share options
c.	Price(s) and volume(s)	Price(s) Volume(s) 0.01 GBP 179,708
d.	Aggregated information ·      Aggregated volume ·      Price	Price(s) Volume(s) 0.01 GBP 179,708
e.	Date of the transaction	4 May 2023
f.	Place of the transaction	Outside a trading venue

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 /Amendment	Initial notification
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 the Financial instrument, type of instrument Identification code	Ordinary shares of 1p each GB0005630420
b.	Nature of the transaction	Issue of share options
c.	Price(s) and volume(s)	Price(s) Volume(s) 0.01 GBP 133,432
d.	Aggregated information ·      Aggregated volume ·      Price	Price(s) Volume(s) 0.01 GBP 133,432
e.	Date of the transaction	4 May 2023
f.	Place of the transaction	Outside a trading venue

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 /Amendment	Initial notification
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 the Financial instrument, type of instrument Identification code	Ordinary shares of 1p each GB0005630420
b.	Nature of the transaction	Issue of share options
c.	Price(s) and volume(s)	Price(s) Volume(s) 0.01 GBP 98,295
d.	Aggregated information ·      Aggregated volume ·      Price	Price(s) Volume(s) 0.01 GBP 98,295
e.	Date of the transaction	4 May 2023
f.	Place of the transaction	Outside a trading venue

 

END