19th Mar 2014 12:30
Mears Group PLC
("Mears" or the "Company")
19 March 2014
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons in accordance with DTR 3.1.2 R
The Company was notified on 18 March 2014 that Andrew Smith, Finance Director of Mears, had exercised share options over 72,967 ordinary shares of one pence each in the Company ("Ordinary Shares") as detailed below.
Date of grant |
Scheme Type | Number of Ordinary Shares over which options were exercised | Exercise price per Ordinary Share (pence) |
| ||||||
21 April 2006 | ESOP | 6,087 | 1p |
| ||||||
21 April 2006 | ESOP | 10,000 | 300p |
| ||||||
28 October 2009 | LTIP | 13,980 | 1p |
| ||||||
24 August 2010 | LTIP | 42,900 | 1p |
| ||||||
Following the exercise, 5,000 Ordinary Shares were transferred to Mr. Smith's spouse.
The Company was notified on 18 March 2014 that Alan Long, Executive Director of Mears, had exercised share options over 42,088 ordinary shares of one penny each in the Company ("Ordinary Shares") as detailed below.
Date of grant |
Scheme Type | Number of Ordinary Shares over which options were exercised | Exercise price per Ordinary Share (pence) |
| ||||||
28 October 2009 | LTIP | 9,088 |
| 1p | ||||||
24 August 2010 | LTIP | 33,000 | 1p | |||||||
On 19 March 2014, the Company was also informed that Mr. Smith and his connected parties sold 72,967 Ordinary Shares at an average price of 493.0 pence per share. Following the transaction Mr. Smith and his connected parties continue to have an interest in 105,000 Ordinary Shares. Mr. Smith also has an interest in share options over 135,578 shares under the Share Plan 2013.
On 19 March 2014, the Company was also informed that Mr. Long sold 72,088 Ordinary Shares at an average price of 493.0 pence per share. Following the transaction Mr. Long has an interest in 36,230 Ordinary Shares. Mr. Long also has an interest in share options over 109,088 shares under the Share Plan 2013.
On 19 March 2014, the Company was also informed that Rory Macnamara, Non-Executive Director, bought 10,000 Ordinary Shares, at an average price of 498.1 pence per share. Mr. Macnamara had no previous holding.
Mears Group PLC
Andrew Smith, Finance Director Tel: +44(0)7712 866 461
Alan Long, Executive Director Tel: +44(0)7979 966 453
www.mearsgroup.co.uk
Buchanan
Richard Darby/ Sophie McNulty/ Helen Greenwood Tel: +44(0)20 7466 5000
www.buchanan.uk.com
Related Shares:
Mears