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An announcement from Mears Group Plc ( (GB:MER) ) is now available.
Mears Group PLC has announced the grant of Long-Term Incentive Plan awards to its CEO, Lucas Critchley, and CFO, Andrew Smith. These awards, which involve nominal-cost options over ordinary shares, are subject to performance conditions based on Total Shareholder Return and Earnings Per Share over a three-year period, with a two-year holding period post-vesting for executive directors. This move is likely aimed at aligning the interests of the management with those of the shareholders, potentially impacting the company’s operational focus and stakeholder confidence.
More about Mears Group Plc
Mears Group PLC is a leading provider of services to the housing sector in the UK, managing and maintaining around 450,000 homes. The company works primarily with Central and Local Government through long-term contracts, focusing on property management, maintenance services, and broader housing solutions. Mears employs over 5,000 people and is committed to delivering high levels of customer satisfaction and investing in innovations that enhance quality of life and community wellbeing.
YTD Price Performance: 7.04%
Average Trading Volume: 353,881
Technical Sentiment Signal: Strong Sell
Current Market Cap: £323.4M
For a thorough assessment of MER stock, go to TipRanks’ Stock Analysis page.