Business
Grant of LTIP awards
Grant of LTIP awards.
About this update from Mears Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6761B\n Mears Group PLC\n 11 June 2021\n \n \n \n \n Mears Group PLC \n \n \n (\"Mears\" or \"the Group\" or \"the Company\")\n \n \n Director/PDMR Shareholding\n \n \n Grant of Long-Term Incentive Plan awards\n \n \n Mears Group PLC, the leading provider of services to the Housing sector in the UK, announces that on 10 June 2021 the following awards over ordinary shares of 1 pence each in the Company (\"Shares\") were granted under the Mears Group Long Term Incentive Plan to the following directors and persons discharging managerial responsibilities:\n \n \n \n \n \n Director/ PDMR\n \n \n \n \n Position\n \n \n \n \n No. of Shares under award\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n David J Miles\n \n \n \n \n Chief Executive Officer\n \n \n \n \n 213,876 \n \n \n \n \n \n \n Andrew Smith\n \n \n \n \n Finance Director\n \n \n \n \n 142,603 \n \n \n \n \n \n \n Alan Long\n \n \n \n \n Executive Director\n \n \n \n \n 116,675 \n \n \n \n \n \n The awards have been granted in the form of nominal-cost options and will normally become exercisable on 10 June 2024. Awards may become exercisable subject to the achievement of relative Total Shareholder Return (50%) and Earnings Per Share (50%) performance conditions measured over a three-year performance period (as detailed in the 2020 Annual Report and Accounts).\n \n \n Awards granted to Executive Directors are additionally subject to a two-year holding period following the vesting date.\n \n \n Contact information\n \n \n Ben Westran, Company Secretary Tel: +44(0)1452 634600\n \n \n \n www.mearsgroup.co.uk\n \n \n \n About Mears\n \n \n Mears currently employs around 6,000 people and provides services in every region of the UK. In partnership with our Housing clients, we maintain, repair and upgrade the homes of hundreds of thousands of people in communities from remote rural villages to large inner-city estates. 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.\n \n \n 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 t...