Business
Requisition of General Meeting
Requisition of General Meeting.
About this update from Mears Group Plc
[{"type":"text","content":"\n \nRNS Number : 7078T Mears Group PLC 05 July 2018 \n\n \n\n\n\n5 July 2018\n\n\n\n\n\n\n \nMears Group PLC\n(\"Mears\" or \"the Company\")\n \nRequisition of General Meeting \nMears Group PLC (LSE: MER), the provider of support services to the Housing and Care sectors in the UK, announces that on 4 July it received from a shareholder a notice pursuant to sections 168 and 303 of the Companies Act 2006 (the \"Act\") requisitioning a general meeting of the Company's shareholders (the \"Requisition\"). Mears has been informed that the shareholder holds approximately 8.9% of the paid up capital of the Company, the shares being beneficially owned by Frankfurter Aktienfonds fur Stiftungen, a fund advised by Shareholder Value Management AG.\nThe Requisition proposes two resolutions. Firstly, that Bob Holt be removed from the Board of Directors of the Company and secondly, that an alternative candidate be appointed as Non-Executive Director.\nThe Board of Directors currently intends, in accordance with section 304 of the Act, to call such a general meeting within 21 days of the receipt of the Requisition and to provide for such meeting to be held on a date not more than 28 days after the date of the notice of such meeting. \nShareholders are advised to take no action at this time. Further announcements will be made in due course. \n \nThe information contained within this announcement is considered by Mears to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. The person responsible for arranging the release of this announcement on behalf of the Company is Andrew Smith, CFO.\nFor further information, contact: \nMears Group PLC \n\n\n\nDavid Miles, Chief Executive \n\n\nTel: +44(0)7778 220 185\n\n\n\n\nwww.mearsgroup.co.uk\n \n\n\n\n\n\n\n \nBuchanan\nMark Court, Sophie Wills, Catriona Flint Tel: +44(0)20 7466 5000\[email protected]\n \n \nNotes for editors\nMears employs around 12,000 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 r...