Skip to content

Mears Grp PLC - Completion of Buyback programme

Announcement provided by

Mears Group plc · MER

25/08/2023 08:36

Mears Grp PLC - Completion of Buyback programme
RNS Number : 4659K
Mears Group PLC
25 August 2023


Mears Group PLC

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


Completion of Buyback programme


Mears (LSE: MER), the leading provider of services to the Housing sector in the UK is pleased to announce that it has completed its £20m share buyback programme, details of which were announced on 15 May 2023. Over the duration of the programme, the Group purchased and cancelled 7.30m Ordinary Shares of 1p each at an average price of 273.9p, representing c.6.58% of the Group's issued share capital.


For further information, contact:


Mears Group PLC

Tel: +44(0)1452 634 600

Andrew Smith





Tel: +44(0)207 260 1000

Julian Cater


Kevin Cruickshank




Panmure Gordon

Tel: +44(0)207 886 2500

Tom Scrivens


James Sinclair-Ford





About Mears

Mears is the leading provider of services to the Affordable 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 around 5,500 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

View more ...

MER announcementsAll announcements


  • About
  • News
  • Investor Relations
  • Contact
  • Careers

© Aquis Exchange 2023. All rights reserved.

Terms & ConditionsPrivacy PolicyModern Slavery & Human Trafficking Policy
System statusnormal