Director/PDMR Shareholding
Mears Group PLC announced on June 9, 2026, that its Chief Executive Officer, Lucas Critchley, and Chief Financial Officer, Andrew Smith, were granted long-term incentive plan awards on June 8, 2026. Critchley received an award of 121,902 ordinary shares at a nominal cost of £0.01 each, while Smith received 105,203 ordinary shares at the same nominal cost. These awards are structured as options exercisable on June 8, 2029, contingent upon achieving specific Total Shareholder Return and Earnings Per Share performance conditions over a three-year period, with an additional two-year holding period for executive directors post-vesting.
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Mears Group PLC, the leading provider of services to the Housing sector in the UK, announces that on 8 June 2026 the following awards over ordinary shares of 1 pence each in the Company ("Shares") were granted under the Mears Group Long Term Incentive Plan to the following directors and persons discharging managerial responsibilities:
| Director/ PDMR | Position | No. of Shares under award |
|---|---|---|
| Lucas Critchley | Chief Executive Officer | 121,902 |
| Andrew Smith | Chief Financial Officer | 105,203 |
The awards have been granted in the form of nominal-cost options and will normally become exercisable on 8 June 2029. Awards may become exercisable subject to the achievement of relative Total Shareholder Return (33%) and Earnings Per Share (67%) performance conditions measured over a three-year performance period.
Awards granted to Executive Directors are additionally subject to a two-year holding period following the vesting date.
| a. | Name | Lucas Critchley | ||||
| 2. | Reason for the notification | |||||
| a. | Position/status | Chief Executive 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 | Issue of share options | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information · Aggregated volume · Price |
| ||||
| f. | Place of the transaction | Outside a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a. | Name | Andrew Smith | ||||
| 2. | 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 | Issue of share options | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information · Aggregated volume · Price |
| ||||
| f. | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.