23/06/2008 Mears Group plc move from AIm to the Main Market
23 June 2008
The London Stock Exchange congratulates Mears Group plc on its move from AIM to the Main Market.
Mears is a leading social housing repairs and maintenance provider in the UK and has a growing presence in the domiciliary care market. The Company’s ordinary shares were admitted to the Main Market today by way of an Introduction sponsored by Investec. Market capitalisation on Admission is in excess of £200 million.
Mears services include repairs and maintenance work, Decent Homes Standard upgrading, domiciliary care and improvement projects for community spaces, facilities and other factors affecting quality of life in the community. In partnership with its clients, Mears’ 6000 employees maintain, repair and upgrade people’s homes and support the wider community with much-needed work that improves quality of life for hundreds of thousands of people in the UK. It carries out more than 3,000 repairs each day to 500,000 houses nationwide and works in communities as diverse as inner city estates and remote rural villages.
Commenting, Bob Holt, Chairman of Mears, said:
“Since joining AIM in 1996 Mears has produced consecutive years of growth and is now a leading provider in social housing and domiciliary care in the UK. We are in a strong position to continue to expand the group which is now of a size that will benefit from a move to the Main Market and enable us to take Mears to a broader spectrum of investors.”