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Director dealings: Mears CFO raises stake

(Sharecast News) - Mears Group revealed on Monday that chief financial officer Andrew Smith had acquired 12,010 ordinary shares in the London-listed housing and social care provider. Smith, who joined Mears in 1999, purchased the shares on Friday at an average price of 356.51p each, for a total value of £42,816.85.

Following the transaction, Smith holds an interest in 382,890 ordinary Mears shares, representing approximately 0.4% of the company's issued share capital.

As of 1610 BST, Mears shares were up 3.01% at 359.0p.

Reporting by Iain Gilbert at Sharecast.com

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.