Mears Group applies for block listing of 105,290 ordinary shares

June 20, 2025 01:54 AM AEST | By EODHD

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Mears Group applies for block listing of 105,290 ordinary shares — Image source: Kalkine Media

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LONDON - Mears Group plc has applied to the UK Listing Authority and London Stock Exchange (LON:LSEG) for the listing of 105,290 ordinary shares of 1 penny each, according to a press release issued Thursday. The shares will be reserved under an extension to an existing block listing and will be issued when share options are exercised through the company’s employee schemes. The allocation includes 26,118 shares for the Mears Save As You Earn Scheme and 79,102 shares for the Mears Unapproved Company Share Option Plan. The admission of these ordinary shares is expected to become effective on June 23, 2025. The new shares will rank equally with existing ordinary shares and will be allotted as options are exercised under the various schemes.

Mears Group describes itself as a housing sector services provider that manages and maintains approximately 450,000 homes across the UK. The company primarily works with Central and Local Government through long-term contracts and employs over 5,000 people nationwide. The company provides property management and maintenance services in partnership with housing clients and has expanded its activities to include broader housing solutions addressing affordable housing challenges. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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