Exercise of options and PDMR dealing
Mears Group PLC announced that Chief Operating Officer Lucas Critchley and Chief Financial Officer Andrew Smith exercised share options on May 7, 2026, under the Company's incentive plans. Critchley exercised options for 109,166 shares, and Smith exercised options for 193,873 shares. Subsequently, on May 8, 2026, Critchley sold 60,984 shares and Smith sold 108,303 shares at an average price of 400.5 pence per share to cover tax liabilities, retaining 48,182 and 85,570 shares respectively. Following these transactions, Critchley holds 70,041 shares representing 0.08% of voting rights, and Smith holds 585,609 shares representing 0.69% of voting rights.
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Mears Group PLC (LSE: MER) announces that on 7 May 2026, Lucas Critchley, Chief Operating Officer and Andrew Smith, Chief Financial Officer, both PDMRs, exercised share options over 259,966 ordinary shares of 1 pence each in the Company ("Ordinary Shares") in connection with the Company's Long Term Incentive Plan and Deferred Share Bonus Plan as detailed below.
Subsequent to the exercise of the share options, on 8 May 2026, Lucas Critchley has sold 60,984 Ordinary Shares and Andrew Smith has sold 108,303 Ordinary Shares at an average price of 400.5 pence per Ordinary Share in order to satisfy tax liabilities resulting from the exercise of the above-mentioned options.
| Name | Long Term Incentive Plan (LTIP) | Deferred Share Bonus Plan (DSBP) | Total share options exercised | Shares sold to satisfy tax liabilities | Shares retained |
|---|---|---|---|---|---|
| Lucas Critchley | 109,166 | - | 109,166 | (60,984) | 48,182 |
| Andrew Smith | 150,800 | 43,073 | 193,873 | (108,303) | 85,570 |
| Total | 259,966 | 43,073 | 303,039 | (169,287) | 133,752 |
Following the completion of the exercise and the sale, the aggregate shareholdings of Lucas Critchley and Andrew Smith are:
| Name | Aggregate shareholding (Ordinary shares) | Percentage of total voting rights |
| Lucas Critchley | 70,041 | 0.08% |
| Andrew Smith | 585,609 | 0.69% |
| a. | Name | Lucas Critchley |
| 2. | Reason for the notification | |
| a. | Position/status | Chief Operating Officer |
| b. | Initial notification /Amendment | Initial notification |
| a. | Name | Mears Group PLC |
| b. | LEI | 213800DHCALLH8IRJV57 |
| a. | Description of the Financial instrument, type of instrument Identification code | Ordinary shares of 1p each GB0005630420 |
| b. | Nature of the transaction | 1. Exercise of share options 2. Sale of ordinary shares |
| c. | Price(s) and volume(s) | 1. Exercise Price(s) Volume(s) 0.01 GBP 109,166 2. Sale Price(s) Volume(s) 4.005 GBP 60,984 |
| d. | Aggregated information · Aggregated volume · Price | 1. Exercise Price(s) Volume(s) 0.01 GBP 109,166 2. Sale Price(s) Volume(s) 4.005 GBP 60,984 |
| f. | Place of the transaction | 1. Off market 2. XLON, London Stock Exchange |
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
| 5. | Details of the person discharging managerial responsibilities / person closely associated | |
| a. | Name | Andrew Smith |
| 6. | Reason for the notification | |
| a. | Position/status | Chief Financial Officer |
| b. | Initial notification /Amendment | Initial notification |
| a. | Name | Mears Group PLC |
| b. | LEI | 213800DHCALLH8IRJV57 |
| a. | Description of the Financial instrument, type of instrument Identification code | Ordinary shares of 1p each GB0005630420 |
| b. | Nature of the transaction | 1. Exercise of share options 2. Sale of ordinary shares |
| c. | Price(s) and volume(s) | 1. Exercise Price(s) Volume(s) 0.01 GBP 194,873 2. Sale Price(s) Volume(s) 4.005 GBP 108,303 |
| d. | Aggregated information · Aggregated volume · Price | 1. Exercise Price(s) Volume(s) 0.01 GBP 194,873 2. Sale Price(s) Volume(s) 4.005 GBP 108,303 |
| f. | Place of the transaction | 1. Off market 2. XLON, London Stock Exchange |
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