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 the Directors' and
Auditor's Reports thereon, be received and adopted.
|
62,626,778
|
4,567
|
539,135
|
62,631,345
|
65.16%
|
|
2 THAT the annual report on
remuneration contained on pages 87 to 96 of the Annual Report and
Accounts for the financial year ended 31 December 2023, be
approved.
|
62,743,858
|
418,395
|
8,227
|
63,162,253
|
65.72%
|
|
3 THAT PricewaterhouseCoopers LLP
("PwC") be appointed as auditor of the Company.
|
62,780,109
|
382,762
|
7,609
|
63,162,871
|
65.72%
|
|
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 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.
|
63,170,180
|
-
|
300
|
63,170,180
|
65.72%
|
|
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 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.
|
57,174,408
|
5,995,072
|
1,000
|
63,169,480
|
65.72%
|
|
13 THAT, subject to the passing of
Resolution 12, the Board be and is hereby authorised, pursuant to
Section 570 of the Act, to allot equity securities.
|
62,730,171
|
65,309
|
375,000
|
62,795,480
|
65.33%
|
|
14 THAT the Company be generally and
unconditionally authorised for the purposes of Section 701 of the
Act to make market purchases.
|
62,503,103
|
412,016
|
255,361
|
62,915,119
|
65.46%
|
|
15 THAT the Company be and is hereby
generally and unconditionally authorised to hold general meetings
(other than an annual general meeting) on 14 clear days' notice
from the date of the passing of this resolution.
|
57,228,934
|
5,938,745
|
2,801
|
63,167,679
|
65.72%
|
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.
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.
