Business
Exercise of options and PDMR dealing
Exercise of options and PDMR dealing.
About this update from Mears Group Plc
[{"type":"text","content":"\n\nMears Group PLC\n(\"Mears\" or \"the Group\" or \"the Company\")\nExercise of options and PDMR dealing\nMears Group PLC (LSE: MER) announces that on 6 May 2025, Andrew Smith, Chief Financial Officer and David Miles, Operations Director, both PDMRs, exercised share options over 484,671 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.\nSubsequent to the exercise of the share options, on 8 May 2025, Andrew Smith has sold 108,411 Ordinary Shares and David Miles has sold 162,348 Ordinary Shares at an average price of 393 pence per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the above-mentioned options.\n\n\n\n\nName\n\n\nLong Term Incentive Plan (LTIP)\n\n\nDeferred Share Bonus Plan (DSBP)\n\n\nTotal share options exercised\n\n\nShares sold to satisfy tax liabilities\n\n\nShares retained\n\n\n\n\nAndrew Smith\n\n\n150,589\n\n\n43,471\n\n\n194,060\n\n\n(108,411)\n\n\n85,649\n\n\n\n\nDavid Miles\n\n\n225,411\n\n\n65,200\n\n\n290,611\n\n\n(162,348)\n\n\n128,263\n\n\n\n\nTotal\n\n\n376,000\n\n\n108,671\n\n\n484,671\n\n\n(270,759)\n\n\n213,912\n\n\n\n\nFollowing the completion of the exercise and the sale, the aggregate shareholdings of Andrew Smith and David Miles are:\n\n\n\n\nName\n\n\nAggregate shareholding (Ordinary shares)\n\n\nPercentage of total voting rights\n\n\n\n\nAndrew Smith\n\n\n493,539\n\n\n0.6%\n\n\n\n\nDavid Miles\n\n\n586,337\n\n\n0.7%\n\n\n\n\n \nContact information\nBen Westran, Company Secretary Tel: +44(0)1452 634600\nwww.mearsgroup.co.uk\nAbout Mears\nMears 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 sa...