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Mears Grp PLC (MER)

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Friday 23 March, 2012

Mears Grp PLC

Director/PDMR Shareholding

RNS Number : 9248Z
Mears Group PLC
23 March 2012

23 March 2012


Mears Group PLC

("Mears" or the "Company")


Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons in accordance with DTR 3.1.2 R

The Company was notified on 22 March 2012 that Robert (Bob) Holt, Chairman of Mears, had exercised share options over 1,500,000 ordinary shares of one pence each in the Company ("Ordinary Shares") on 22 March 2012.


Exercise of options under Mears Group PLC Special Incentive Plan ("SIP"):


Date of grant

Number  of Ordinary Shares over which options were exercised

Exercise price per Ordinary Share (pence)

28 September 2009



Subsequently, on 22 March 2012,  Mr Holt sold 2,000,000 Ordinary Shares each at a price of 250 pence per share.  


Following this disposal, Mr Holt holds no Ordinary Shares and has an interest in share options under the SIP over 1,000,000 Ordinary Shares in the Company.  



Mears Group PLC

Bob Holt, Chairman

Tel: +44(0)7778 798 816

Andrew Smith, Finance Director

Tel: +44(0)7712 866 461

Joint Broker - Collins Stewart

Mark Dickenson/Lucy Tilley 

Tel: +44(0)20 7523 8350

Joint Broker - Investec

Keith Anderson/Daniel Adams

Tel: +44(0)20 7597 5970

Gable Communications

Tel: +44(0) 20 7193 7463

John Bick/Justine James

Tel: +44(0)7872 061 007


This information is provided by RNS
The company news service from the London Stock Exchange