REG - Mears Grp PLC - Result of AGM

MearsAnnouncement

13/06/2024 11:15

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RNS Number : 3448S  Mears Group PLC  13 June 2024

13 June 2024

Mears Group PLC

("Mears")

 

Result of AGM

 

Mears Group PLC held its Annual General Meeting ("AGM") earlier today. In
summary, all resolutions were duly passed on a poll. The results of each
resolution are as follows:

 

 Resolution                                                                      Votes For     Votes Against  Votes withheld  Total votes cast  Percentage of issued share capital voted (%)
 1 THAT the audited accounts for the year ended 31 December 2023, together with   62,626,778    4,567          539,135         62,631,345       65.16%
 the Directors' and Auditor's Reports thereon, be received and adopted.
 2 THAT the annual report on remuneration contained on pages 87 to 96 of the      62,743,858    418,395        8,227           63,162,253       65.72%
 Annual Report and Accounts for the financial year ended 31 December 2023, be
 approved.
 3 THAT PricewaterhouseCoopers LLP ("PwC") be appointed as auditor of the         62,780,109    382,762        7,609           63,162,871       65.72%
 Company.
 4 THAT the Directors be authorised to fix the remuneration of the auditor.       63,164,570    5,610          300             63,170,180       65.72%
 5 THAT a final dividend of 9.30p per ordinary share for the year ended 31        63,170,180    -              300             63,170,180       65.72%
 December 2023 be declared payable on 16 July 2024 to all members whose names
 appear on the Company's register of members as at 28 June 2024.
 6 THAT Jim Clarke be re-elected as a Director.                                   58,883,730    3,911,749      375,001         62,795,479       65.33%
 7 THAT Lucas Critchley be re-elected as a Director.                              62,720,053    75,427         375,000         62,795,480       65.33%
 8 THAT Andrew Smith be re-elected as a Director.                                 62,260,302    535,178        375,000         62,795,480       65.33%
 9 THAT Julia Unwin be re-elected as a Director.                                  56,418,363    6,377,116      375,001         62,795,479       65.33%
 10 THAT Angela Lockwood be re-elected as a Director.                             61,989,439    803,540        377,501         62,792,979       65.33%
 11 THAT Nick Wharton be elected as a Director.                                   62,788,671    378,309        3,500           63,166,980       65.72%
 12 THAT the Board be and is hereby generally and unconditionally authorised      57,174,408    5,995,072      1,000           63,169,480       65.72%
 pursuant to Section 551 of the Companies Act 2006 (the 'Act') to exercise all
 the powers of the Company to allot shares in the Company.
 13 THAT, subject to the passing of Resolution 12, the Board be and is hereby     62,730,171    65,309         375,000         62,795,480       65.33%
 authorised, pursuant to Section 570 of the Act, to allot equity securities.
 14 THAT the Company be generally and unconditionally authorised for the          62,503,103    412,016        255,361         62,915,119       65.46%
 purposes of Section 701 of the Act to make market purchases.
 15 THAT the Company be and is hereby generally and unconditionally authorised    57,228,934    5,938,745      2,801           63,167,679       65.72%
 to hold general meetings (other than an annual general meeting) on 14 clear
 days' notice from the date of the passing of this resolution.

 

Notes:

 

(i)            Votes 'For' include those votes giving the Chairman
discretion.

(ii)           The number of ordinary shares in issue on 13 June
2024 was 96,113,782.  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 Annual General
Meeting dated 25 April 2024, which is available on the Company's website at
https://www.mearsgroup.co.uk/meetings-voting/2024-notice-of-annual-general-meeting
(https://www.mearsgroup.co.uk/meetings-voting/2024-notice-of-annual-general-meeting)
.

 

Resolutions 1 to 12 were ordinary resolutions, requiring more than 50% of
shareholders' votes to be cast in favour of the resolutions. Resolutions 13 to
15 were special resolutions, requiring at least 75% of shareholders' votes to
be cast in favour of the resolutions.

 

A copy of all the resolutions passed at the Annual 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

Andrew Smith, Finance
Director
Tel: +44(0)7712 866 461

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.

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