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Mears Group PLC held a General Meeting on 03 March 2025, where shareholders passed a special resolution. The resolution authorized the Company for market purchases under Section 701 of the Act, with 53,533,947 votes cast in favour and 6,074,396 against. A total of 59,608,343 votes were cast, representing 67.13% of the issued share capital.
| Date | 3 Mar 2025 |
| Time | 17:44:08 |
| Category | AGMs and other meetings |
| ID | 1711Z |
3 March 2025
Mears Group PLC
("Mears")
Result of GM
Mears Group PLC held a General Meeting ("GM") earlier today. The sole resolution was passed on a poll. The results of the resolution are as follows:
|
Resolution |
Votes For |
Votes Against |
Votes withheld |
Total votes cast |
Percentage of issued share capital voted (%) |
|
1 THAT the Company be generally and unconditionally authorised for the purposes of Section 701 of the Act to make market purchases. |
53,533,947 |
6,074,396 |
142,307 |
59,608,343 |
67.13% |
Notes:
(i) Votes 'For' include those votes giving the Chairman discretion.
(ii) The number of ordinary shares in issue on 27 February 2025 was 88,790,069. 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 General Meeting dated 10 February 2025, which is available on the Company's website at https://www.mearsgroup.co.uk/meetings-voting/2025-notice-of-general-meeting.
Resolution 1 was a special resolution, requiring at least 75% of shareholders' votes to be cast in favour of the resolution.
A copy of the resolution passed at the 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: +44(0)1452 634600
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.