Director/PDMR Shareholding

Mears Group PLC

20 June 2024

 

20 June 2024

Mears Group plc

("Mears" or the "Company")

Exercise of options and PDMR dealing

Mears Group PLC (LSE: MER) announces that on 18 June 2024, Andrew Smith, Chief Finance Officer and David Miles, Operations Director, both PDMRs, exercised share options over 451,409 ordinary shares of 1 pence each in the Company ("Ordinary Shares") in connection with the Company's Long Term Incentive Plan and Deferred Share Bonus Plan as detailed below.

Subsequent to the exercise of the share options, on 20 June 2024, Andrew Smith has sold 99,697 Ordinary Shares and David Miles has sold 149,527 Ordinary Shares at an average price of 361 pence per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the above-mentioned options.

Name	Long Term Incentive Plan (LTIP)	Deferred Share Bonus Plan (DSBP)	Total share options exercised	Shares sold to satisfy tax liabilities	Shares retained
Andrew Smith	156,921	23,656	180,577	(99,697)	80,880
David Miles	235,352	35,480	270,832	(149,527)	121,305
Total	392,273	59,136	451,409	(249,224)	202,185

Following the completion of the exercise and the sale, the aggregate shareholdings of Andrew Smith and David Miles will be:

Name	Aggregate shareholding (Ordinary shares)	Percentage of total voting rights
Andrew Smith	370,880	0.4%
David Miles	458,074	0.5%

For further information, contact:
Mears Group PLC	Tel: [phone]
Andrew Smith
Deutsche Numis	Tel: [phone]
Julian Cater
Kevin Cruickshank
Panmure Gordon	Tel: [phone]
Tom Scrivens
James Sinclair-Ford

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	Andrew Smith
2	Reason for the notification
a)	Position/status	Chief Finance 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	Ordinary shares of 1 pence each
	Identification code	GB0005630420
b)	Nature of the transaction	1.     Exercise of share options 2.     Sale of ordinary shares
c)	Price(s) and volume(s)		1.     Exercise
			Price(s)	Volume(s)
			1p	180,577
			2.     Sale
			Price(s)	Volume(s)
			361p	99,697
d)	Aggregated information
	- Aggregated volume	Exercised 180,577 options at 1p per share
	- Price - Total	Sold 99,697 Ordinary Shares at 361p
e)	Date of the transaction	1.     18 June 2024 2.     20 June 2024
f)	Place of the transaction	1.     Off market 2.     XLON, London Stock Exchange

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	Operations 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	Ordinary shares of 1 pence each
	Identification code	GB0005630420
b)	Nature of the transaction	1.     Exercise of share options 2.     Sale of ordinary shares
c)	Price(s) and volume(s)		1.     Exercise
			Price(s)	Volume(s)
			1p	270,832
			2.     Sale
			Price(s)	Volume(s)
			361p	149,527
d)	Aggregated information
	- Aggregated volume - Price - Total	Exercised 270,832 options at 1p per share Sold 149,527 Ordinary shares at 361p
e)	Date of the transaction	1.     18 June 2024 2.     20 June 2024
f)	Place of the transaction	1.     Off market 2.     XLON, London Stock Exchange

 

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