Mears Group plc

MER

GB0005630420

Business Support Services

Market Closed - London S.E. Other stock markets 11:35:14 2024-05-01 am EDT			5-day change	1st Jan Change
363 ^GBX	+0.28%		+2.54%	+17.10%

Apr. 19	Mears Group completes GBP20 million share buyback	AN
Apr. 11	Mears Group ups dividend after cracking the GBP1 billion revenue mark	AN

Mears Group completes GBP20 million share buyback

April 19, 2024 at 03:48 am EDT

Mears Group PLC - Gloucester-based housing maintenance and social housing provider - Completes GBP20 million share buyback programme announced in February. Buys back and cancels 5.6 million share, 5.5% of its total prior to the buyback. It pays an average of 358.7 pence per share.

Last week, Mears said pretax profit rose 34% to GBP46.9 million in 2023 from GBP34.9 million in 2022, on a 14% increase in revenue to GBP1.09 billion from GBP956.6 million. In addition to the share buyback, it declared a cash dividend for 2023 of 13.00p, up 24% from 10.5p for 2022.

Current stock price: 357.80p

12-month change: up 75%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Latest news about Mears Group plc

Mears Group completes GBP20 million share buyback	Apr. 19	AN
Mears Group ups dividend after cracking the GBP1 billion revenue mark	Apr. 11	AN
Mears Group ups dividend on higher profit	Apr. 11	AN
Mears Group plc Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 11	CI
Mears Group plc Recommends Final Dividend for the Year Ended 31 December 2023, Payable on 16 July 2024	Apr. 11	CI
Synectics shares rise as appoints Bob Holt as chair	Apr. 09	AN
FTSE 100 Ends Tuesday Down on U.S. Weakness, Interest Rate Uncertainty	Feb. 20	DJ
Mears approve further GBP20 million share buyback programme	Feb. 20	AN
Mears Group plc commences an Equity Buyback Plan for 10,156,470 shares, representing 10% of its issued share capital, under the authorization approved on February 12, 2024.	Feb. 20	CI
Mears Group plc's Equity Buyback announced on October 3, 2023, has expired.	Feb. 11	CI
FTSE 100 Closed Down 1% as Banking Sector Lags Market	Jan. 11	DJ
Stocks lower on hotter-than-expected US inflation	Jan. 11	AN
Mears shares rise as set to exceed market forecasts for 2023 and 2024	Jan. 11	AN
Mears to outperform market expectations	Jan. 11	AN
Mears Group CEO Steps Down	Jan. 02	MT
Mears Group completes buyback of 4.9 million shares	Dec. 22	AN
Britain's Mears Group Finalizes Share Buyback	Dec. 22	MT
Mears names chief executive officer, effective from new year	Dec. 14	AN
Mears Group's New CEO to Take Office in January 2024	Dec. 14	MT
Mears Group plc Announces CEO Changes	Dec. 14	CI
Mears Group plc Announces Directorate Changes	Dec. 14	CI
System1 revenue jumps; Volex takes cyber hack charge	23-10-24	AN
Mears Group share premium account cancellation all but done	23-10-10	AN
Mears Group launches additional GBP15 million share buyback	23-10-03	AN
Mears Group plc commences an Equity Buyback Plan for 11,103,647 shares, representing 10.08% of its issued share capital, under the authorization approved on June 23, 2023.	23-10-03	CI

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Company Profile

Mears Group PLC is a United Kingdom-based provider of housing solutions for both the public and private sectors. The Company operates through three segments: Maintenance, Management, and Development. The Company offers a range of services, including Housing Maintenance, Housing with Care, Housing Management, House Building, Planned maintenance, Capital Works and Facilities Management. Housing maintenance includes repairs, refurbishment, fire safety and building maintenance services. Housing with Care services provides a range of schemes, including small buildings with a few properties and large sites. Housing Management service is specialized in community housing management services, including looking after tenancy, lease management and property maintenance. Planned maintenance includes jobs, such as installing central heating, fitting double glazing, kitchen and bathroom improvements, re-wiring, re-roofing, annual boiler and heating servicing.

Sector

Business Support Services

Calendar

2024-06-12 - Annual General Meeting

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