THIS ANNOUNCEMENT, INCLUDING THE APPENDIX AND THE INFORMATION IN IT, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
("Mears" or "the Group" or "the Company")
Results of Placing
Mears, a leading service partner to the
Applications have been made to the
The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of 1 penny each in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such shares after Admission. The Placing Shares represent approximately 6.5 per cent. of the Company's existing issued share capital. The Placing Price of
Following Admission, the total number of ordinary shares in issue will be 110,422,211 with each share carrying the right to one vote. Mears currently holds no shares held in treasury and therefore, following Admission, the total number of voting rights in the Company will be 110,422,211. The above figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the
Save as defined herein, capitalised terms have the same meaning as in the Company's earlier announcement of the same date, copies of which are available on the Company's website www.mearsgroup.co.uk.
For further information, contact:
Peel Hunt Tel: +44(0)20 7418 8900
Jock Maxwell Macdonald
Buchanan UK Tel: +44(0)20 7466 5000
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The person responsible for making this announcement on behalf of the Company is Andrew Smith, Finance Director.
Note: Nothing in this announcement is intended to be, or is to be construed as, a profit forecast or to be interpreted to mean that earnings per Mears share for the current or future financial years, or those of Mears following the Acquisition, will necessarily match or exceed the historical earnings per Mears share.
Mears employs over 10,000 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. Our Care teams provide support to over 15,000 people a year, enabling the elderly and those living with disabilities to continue living in their own homes.
We focus on long-term outcomes for people rather than short-term solutions, and invest in innovations that make a positive impact on people's quality of life and on their communities' social, economic and environmental wellbeing.
Neither this Announcement, nor any copy of it, may be taken or transmitted, published or distributed, directly or indirectly, in, or into the United States, Australia, Canada, Japan, or the Republic of South Africa or to any persons in any of those jurisdictions or any other jurisdiction where to do so would constitute a violation of the relevant securities laws of such jurisdiction. This Announcement is for information purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy, acquire or subscribe for, any shares in the capital of the Company in the United States, Australia, Canada, Japan or the Republic of South Africa or any other state or jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. Any failure to comply with these restrictions may constitute a violation of securities laws of such jurisdictions.
This information is provided by RNS, the news service of the