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Mears Group plc announced on 19 June 2025 that it applied to the UK Listing Authority and the London Stock Exchange for the listing of 105,290 ordinary shares of 1 penny each. These shares are reserved under an existing block listing for issuance from the exercise of share options, specifically 26,118 from the Mears Save As You Earn Scheme and 79,102 from the Mears Unapproved Company Share Option Plan, with admission expected on 23 June 2025.
| Date | 19 Jun 2025 |
| Time | 16:53:19 |
| Category | Capital structure |
| ID | 6478N |
19 June 2025
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 105,290 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 |
|
Mears Save As You Earn Scheme |
26,118 |
|
Mears Unapproved Company Share Option Plan |
79,102 |
|
Total |
105,290 |
It is expected that admission of these Ordinary Shares will become effective on 23 June 2025. These Ordinary shares will rank, pari passu, with the existing Ordinary Shares in issue and will be allotted from 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
About Mears
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.