Exercise and grant of share options

Mears Group PLC

20 May 2024

 

20 May 2024

Mears Group plc

("Mears" or the "Company")

Exercise and grant of share options

Mears Group PLC (LSE: MER) announces that on 17 May 2024, Mr Lucas Critchley, Chief Executive Officer, exercised options over 6,851 ordinary shares of 1 penny each in the Company ("Ordinary Shares") in connection with the Company's Sharesave plan, at an exercise price of 93.0 pence per share.

Following this purchase, Mr Critchley has an interest in 11,017 Ordinary Shares representing approximately 0.01 per cent. of the Company's voting share capital.

In addition, on 17 May 2024, Mr Critchley was granted 6,352 options over Ordinary Shares under the Company's Sharesave plan. The award has been granted with an exercise price of 292p and will normally become exercisable on 1 July 2027.

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	Lucas Critchley
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	Ordinary shares of 1 pence each
	Identification code	GB0005630420
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			93.0p	6,851
d)	Aggregated information
	- Aggregated volume	6,851
	- Price - Total	93.0 pence per share £6,371.43
e)	Date of the transaction	17 May 2024
f)	Place of the transaction	Off market

 

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