TIDMMER

RNS Number : 7478F

Mears Group PLC

19 November 2020

19 November 2020

Mears Group plc

("Mears" or the "Company")

Block Listing Application

The Company announces that application has been made to the UK Listing Authority ("UKLA") and the London Stock Exchange ("LSE") for the listing of 284,968 ordinary shares of 1 penny each ("Ordinary Shares") to trade on the LSE and to be admitted to the Official List of the UKLA.

All of these Ordinary Shares are being reserved under an extension to an existing block listing and will be issued as a result of the exercise of share options pursuant to the following schemes:

 
 Scheme name                      No. Ordinary Shares 
 Approved Company Share Option 
  Plan                                          9,989 
 Unapproved Company Share 
  Option Plan                                 131,025 
 Save As You Earn Scheme                       65,826 
 Long Term Incentive Plan                      15,993 
 Management Incentive Plan                     62,135 
-------------------------------  -------------------- 
 Total                                        284,968

It is expected that admission of these Ordinary Shares will become effective on 25 November 2020. These Ordinary shares will rank, pari passu, with the existing Ordinary Shares in issue and will be allotted form time to time in accordance with the exercise of options under these various schemes.

For further information, contact:

Mears Group PLC

   Ben Westran, Company Secretary                                              Tel: +44(0)1452 634600

www.mearsgroup.co.uk

Notes for editors

Mears employs around 6,500 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.

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.

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November 19, 2020 02:00 ET (07:00 GMT)

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