Placing of Ordinary Shares

RNS Number : 1043D

Mears Group PLC

24 April 2013

 



Mears Group PLC

("Mears" or the "Company")

Placing of Ordinary Shares

On 8 November 2012, Mears announced the acquisition of Morrison Facilities Services Limited ("Morrison"). Part of the consideration for Morrison was the issue of 2,833,489 ordinary shares of 1 penny each in the Company to Anglian Water Group Limited ("AWG"), which were subject to a lock-in for 12 months.

Due to strong institutional demand, Mears has today released AWG from this lock-in and Investec Bank plc and Canaccord Genuity Limited, on behalf of AWG, have placed the full 2,833,489 ordinary shares. Following this transaction, AWG no longer has any holding in Mears.

Enquiries:

Mears
David Miles, Chief Executive Andrew Smith, Finance Director Bob Holt, Chairman	Tel: [phone] Tel: [phone] Tel: [phone]
Joint Broker - Investec Keith Anderson/Daniel Adams	Tel: [phone]
Joint Broker - Canaccord Genuity Piers Coombs/Lucy Tilley	Tel: [phone]
Gable Communications              John Bick/Justine James           [e-mail]	Tel: [phone] Tel: [phone]

 

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