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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Mears Group plc    MER   GB0005630420

MEARS GROUP PLC

(MER)
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Mears : Board Change

02/12/2020 | 11:59am EST
Regulatory Story
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Board Change
Released 16:52 12-Feb-2020



RNS Number : 8229C
Mears Group PLC
12 February 2020

12 February 2020

Mears Group PLC

('Mears')

Board change

Mears Group PLC (LSE: MER), the provider of support services to the social housing and care sectors in the UK, announces that Amanda Hillerby is standing down from the Board following the disposal of the Group's England and Wales Domiciliary Care business. She will cease to be a director with effect from today.

Commenting, Kieran Murphy, Chairman of Mears, said:

'The Board would like to thank Amanda for her input and support since joining Mears, in particular as Mears' first Employee Director. We wish her every success in her future endeavours.'

For further information, contact:

Mears Group PLC

Ben Westran, Company Secretary Tel: +44(0)1452 634600

www.mearsgroup.co.uk

Buchanan

Mark Court/Charlotte Slater Tel: +44(0)20 7466 5000

mears@buchanan.uk.com

About Mears

Mears currently employs around 9,000 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 and to provide accommodation and support for the most vulnerable. Following the disposal of the Group's standalone Domiciliary Care activities, the employee number will reduce to around 6,500.

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.


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.
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Board Change - RNS

Disclaimer

Mears Group plc published this content on 12 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 February 2020 16:58:06 UTC


© Publicnow 2020
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Sales 2020 794 M 1 085 M 1 085 M
Net income 2020 -10,1 M -13,7 M -13,7 M
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P/E ratio 2020 -13,6x
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Free-Float 98,6%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 198,75 GBX
Last Close Price 158,00 GBX
Spread / Highest target 74,1%
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Spread / Lowest Target -5,06%
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NameTitle
David John Miles Chief Executive Officer & Executive Director
Kieran Murphy Non-Executive Chairman
Andrew Christopher Melville Smith Finance Director & Executive Director
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