Result of AGM

Mears Group PLC

13 June 2024

 

13 June 2024

Mears Group PLC

("Mears")

Result of AGM

Mears Group PLC held its Annual General Meeting ("AGM") earlier today. In summary, all resolutions were duly passed on a poll. The results of each resolution are as follows:

Resolution	Votes For	Votes Against	Votes withheld	Total votes cast	Percentage of issued share capital voted (%)
1 THAT the audited accounts for the year ended 31 December 2023, together with the Directors' and Auditor's Reports thereon, be received and adopted.	62,626,778	4,567	539,135	62,631,345	65.16%
2 THAT the annual report on remuneration contained on pages 87 to 96 of the Annual Report and Accounts for the financial year ended 31 December 2023, be approved.	62,743,858	418,395	8,227	63,162,253	65.72%
3 THAT PricewaterhouseCoopers LLP ("PwC") be appointed as auditor of the Company.	62,780,109	382,762	7,609	63,162,871	65.72%
4 THAT the Directors be authorised to fix the remuneration of the auditor.	63,164,570	5,610	300	63,170,180	65.72%
5 THAT a final dividend of 9.30p per ordinary share for the year ended 31 December 2023 be declared payable on 16 July 2024 to all members whose names appear on the Company's register of members as at 28 June 2024.	63,170,180	-	300	63,170,180	65.72%
6 THAT Jim Clarke be re-elected as a Director.	58,883,730	3,911,749	375,001	62,795,479	65.33%
7 THAT Lucas Critchley be re-elected as a Director.	62,720,053	75,427	375,000	62,795,480	65.33%
8 THAT Andrew Smith be re-elected as a Director.	62,260,302	535,178	375,000	62,795,480	65.33%
9 THAT Julia Unwin be re-elected as a Director.	56,418,363	6,377,116	375,001	62,795,479	65.33%
10 THAT Angela Lockwood be re-elected as a Director.	61,989,439	803,540	377,501	62,792,979	65.33%
11 THAT Nick Wharton be elected as a Director.	62,788,671	378,309	3,500	63,166,980	65.72%
12 THAT the Board be and is hereby generally and unconditionally authorised pursuant to Section 551 of the Companies Act 2006 (the 'Act') to exercise all the powers of the Company to allot shares in the Company.	57,174,408	5,995,072	1,000	63,169,480	65.72%
13 THAT, subject to the passing of Resolution 12, the Board be and is hereby authorised, pursuant to Section 570 of the Act, to allot equity securities.	62,730,171	65,309	375,000	62,795,480	65.33%
14 THAT the Company be generally and unconditionally authorised for the purposes of Section 701 of the Act to make market purchases.	62,503,103	412,016	255,361	62,915,119	65.46%
15 THAT the Company be and is hereby generally and unconditionally authorised to hold general meetings (other than an annual general meeting) on 14 clear days' notice from the date of the passing of this resolution.	57,228,934	5,938,745	2,801	63,167,679	65.72%

Notes:

(i)            Votes 'For' include those votes giving the Chairman discretion.

(ii)           The number of ordinary shares in issue on 13 June 2024 was 96,113,782.  Shareholders are entitled to one vote per share.

(iii)          A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

Full details of the resolutions are set out in the Notice of Annual General Meeting dated 25 April 2024, which is available on the Company's website at https://www.mearsgroup.co.uk/meetings-voting/2024-notice-of-annual-general-meeting.

Resolutions 1 to 12 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 13 to 15 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.

A copy of all the resolutions passed at the Annual General Meeting has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection.

For further information, contact:

Mears Group PLC

Ben Westran, Company Secretary                                                    Tel: [phone]

Andrew Smith, Finance Director                                                       Tel: [phone]

www.mearsgroup.co.uk

Notes for editors

Mears is a leading provider of services to the Housing sector, providing a range of services to individuals within their homes. We manage and maintain around 450,000 homes across the UK and work predominantly with Central Government and Local Government, typically through long-term contracts. We equally consider the residents of the homes that we manage and maintain to be our customers, and we take pride in the high levels of customer satisfaction that we achieve.

Mears currently employs over 5,000 people and provides services in every region of the UK. In partnership with our Housing clients, we provide property management and maintenance services. 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.

 

END