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: [phone]
Andrew Smith, Finance Director	Tel: [phone]
Alan Long, Executive Director	Tel: [phone]
www.mearsgroup.co.uk

Buchanan

Richard Darby/ Sophie Cowles / Sophie McNulty	Tel: [phone]
www.buchanan.uk.com

 

END

 

 

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