3 March 2025
Mears
Group PLC
("Mears")
Result
of GM
Mears Group PLC held a General
Meeting ("GM") earlier today. The sole resolution was passed on a
poll. The results of the resolution are as follows:
|
Resolution
|
Votes For
|
Votes
Against
|
Votes
withheld
|
Total votes
cast
|
Percentage of issued share
capital voted (%)
|
|
1 THAT the Company be generally and
unconditionally authorised for the purposes of Section 701 of the
Act to make market
purchases.
|
53,533,947
|
6,074,396
|
142,307
|
59,608,343
|
67.13%
|
Notes:
(i)
Votes 'For' include those votes giving the Chairman
discretion.
(ii)
The number of ordinary shares in issue on 27 February 2025
was 88,790,069. Shareholders are entitled
to one vote per share.
(iii) A
vote withheld is not a vote in law and is not counted in the
calculation of the proportion of votes validly cast.
Full
details of the resolutions are set out in the Notice of General
Meeting dated 10 February 2025, which is available on the Company's
website at
https://www.mearsgroup.co.uk/meetings-voting/2025-notice-of-general-meeting.
Resolution 1 was a special resolution, requiring at least 75%
of shareholders' votes to be cast in favour of the
resolution.
A copy
of the resolution passed at the General Meeting has been submitted
to the Financial Conduct Authority via the National Storage
Mechanism and will shortly be available for inspection.
For
further information, contact:
Mears Group PLC
Ben Westran, Company Secretary
Tel: +44(0)1452 634600
www.mearsgroup.co.uk
Notes for editors
Mears
is a leading provider of services to the 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 over 5,000 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.
