Mears Group PLC Notice of AGM (9585X)
May 03 2019 - 2:00AM
UK Regulatory
TIDMMER
RNS Number : 9585X
Mears Group PLC
03 May 2019
3 May 2019
Mears Group PLC
("Mears" or the "Group" or the "Company")
Notice of AGM
Mears (LSE: MER), the provider of support services to the Social
Housing and Care sectors in the UK, announces that it is today
posting to shareholders its Notice of Annual General Meeting 2019
("AGM Notice"). In accordance with Listing Rule 9.6.1, a copy of
the document will be uploaded to the National Storage Mechanism and
will be available for viewing shortly at
www.morningstar.co.uk/uk/NSM.
The AGM Notice includes two resolutions, 21 and 22 respectively,
that have been requisitioned by a significant shareholder of the
Company, PrimeStone Irish Capital Holdco DAC ("PrimeStone"). These
resolutions, through which PrimeStone is seeking the appointment of
two additional non-executive directors, are:
-- Resolution 21. THAT Andrew Coppel be appointed a director of the Company; and
-- Resolution 22. THAT Ian Lawson be appointed a director of the Company.
In accordance with corporate governance best practice, the Board
firmly believes that any process to identify potential new
non-executive directors should be conducted by the Nominations
Committee of the Board after an appropriate external search open to
a broad range of candidates followed by a diligent review
process.
Such a process, led by the Company's Nominations Committee and
assisted by executive search firms, is already underway to appoint
two additional non-executive directors. It is the Board's intention
that one appointment be made by the end of June and the other
before the summer holidays if possible.
For further details, including a statement by PrimeStone, please
read the AGM Notice which is available at the Company website,
www.mearsgroup.co.uk.
Board recommendation
Your Board believes that resolutions 21 and 22 are not in the
best interests of the Company and its shareholders as a whole.
Therefore your Board unanimously recommends that you vote AGAINST
resolutions 21 and 22, as the Directors intend to do in respect of
their own beneficial shareholdings in the Company.
For further information, contact:
Mears Group PLC
Ben Westran, Company Secretary Tel: +44 (0)1452 634600
www.mearsgroup.co.uk
Buchanan
Mark Court/Sophie Wills/Catriona Tel: +44 (0)20 7466 5000
Flint
mears@buchanan.uk.com
About Mears
Mears employs around 12,000 people and provides services in
every region of the UK. In partnership with our Housing clients, we
maintain, repair and upgrade the homes of hundreds of thousands of
people in communities from remote rural villages to large inner
city estates. Mears has extended its activities to provide broader
housing solutions to solve the challenge posed by the lack of
affordable housing. Our Care teams provide support to over 15,000
people a year, enabling older and disabled people to continue
living in their own homes.
We focus on long-term outcomes for people rather than short-term
solutions, and invest in innovations that make a positive impact on
people's quality of life and on their communities' social, economic
and environmental wellbeing.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NOAGMGGKRZKGLZM
(END) Dow Jones Newswires
May 03, 2019 02:00 ET (06:00 GMT)
Mears (LSE:MER)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mears (LSE:MER)
Historical Stock Chart
From Apr 2023 to Apr 2024