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: +44(0)1452 634 600

Andrew Smith

 

 

 

Deutsche Numis

Tel: +44(0)207 260 1000

Julian Cater

 

Kevin Cruickshank

 

 

 

Panmure Gordon

Tel: +44(0)207 886 2500

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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END
 
 

Companies

Mears Group (MER)
UK 100

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