Mears Grp PLC - Director/PDMR Shareholding
RNS Number : 0853X
Mears Group PLC
03 May 2016
 

Mears Group PLC

("Mears" or the "Company")

3 May 2016

 

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons in accordance with DTR 3.1.4R

The Company announces the following transactions in its ordinary shares of one pence each ("Shares"). In accordance with DTR 3.1.2R, on 29 April 2016 the following Directors and Connected Person exercised options over Shares received pursuant to the Mears Group PLC Share Plan (2013):

 

Director/Connected Person

 

Date of transaction

Number of options exercised

 

Option price

 

Number of Shares sold

 

Sale price per Share

 

David Miles

29 April 2016

203,367

Nil Cost Option

203,367

£4.00

 

Andrew Smith

29 April 2016

135,578

Nil Cost Option

135,578

£4.00

 

Alan Long

29 April 2016

110,927

Nil Cost Option

110,927

£4.00

 

Ben Westran

29 April 2016

36,975

Nil Cost Option

36,975

£4.00

 

 

The exercise of nil-cost options creates a charge to income tax and national insurance which will be settled from the proceeds of share sale.

Following the above transactions which occurred in London, the interests of the above named Directors and Connected Person are as follows:

 

 

 

Director/Connected Person

Number of  beneficially owned Shares

Percentage of issued share capital in Company

David Miles

175,020

0.17%

Andrew Smith

110,000

0.11%

Alan Long

36,230

0.04%

Ben Westran

23,415

0.02%

 

This announcement is made in accordance with the requirements of DTR 3.1.4.

 

Mears Group PLC     

 

David Miles, Chief Executive Officer 

Tel: +44(0)7778 220185

Andrew Smith, Finance Director

Tel: +44(0)7712 866 461

Alan Long, Executive Director  

Tel: +44(0)7979 966 453

www.mearsgroup.co.uk

 

 

Buchanan

 

Richard Darby/ Sophie Cowles / Sophie McNulty

Tel: +44(0)20 7466 5000

www.buchanan.uk.com

 

 

 

 

 

 

 


This information is provided by RNS
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