Mears Grp PLC - Publication of Circular
RNS Number : 5785E
Mears Group PLC
06 November 2020
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.

 

06 November 2020

 

Mears Group PLC

("Mears", the "Group", or "the Company)

 

Publication of Circular

 

Further to the Company's announcement earlier today, Mears is pleased to announce that the circular (the "Circular") in relation to the proposed disposal of TerraQuest Solutions Limited and its subsidiary undertakings (the "Disposal") has been approved by the Financial Conduct Authority.

The Disposal is subject to the approval of Mears' shareholders. Accordingly, the Circular contains a notice convening a General Meeting which is to be held at the offices of the Company at 1390 Montpellier Court, Gloucester Business Park, Brockworth, Gloucester GL3 4AH at 10 a.m. on 25 November 2020 at which a resolution will be proposed for the Company's shareholders to approve the Disposal (the "Notice of General Meeting").

The Circular and Notice of General Meeting will be submitted to the Financial Conduct Authority's National Storage Mechanism and will be available for inspection on the NSM's website at http://www.morningstar.co.uk/uk/NSM.

The Circular and Notice of General Meeting will also be available for viewing on Mears' website at www.mearsgroup.co.uk and will be posted to Mears' shareholders later today.

 

In light of the guidance issued by the UK government restricting social gatherings in view of the ongoing COVID-19 pandemic, and the extension of the relevant provisions of the Corporate Insolvency and Governance Act 2020, the General Meeting will be held as a closed meeting. Shareholders should, therefore, not attend the General Meeting but instead appoint the chairman of the General Meeting as a proxy and provide voting instructions in advance of the General Meeting.

 

For further information, contact:

Mears Group PLC

 

David Miles, Chief Executive Officer

Tel: +44(0)7778 220 185

Andrew Smith, Finance Director

Tel: +44(0)7712 866 461

Alan Long, Executive Director

Tel: +44(0)7979 966 453

Joe Thompson, Investor Relations

Tel: +44(0)7980 844 580

www.mearsgroup.co.uk


 


Investec Bank plc

(Sponsor and Financial Adviser to Mears Group PLC)

Daniel Adams

Virginia Bull

Will Fenby

 

Tel: +44(0)20 7597 5970

 

Peel Hunt                                                                                                              

(Corporate Broker to Mears Group PLC)

Nicholas How

Ed Allsopp

 

Tel: +44(0)20 7418 8900

 

 

 

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