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Director dealings: Mears Group CFO makes share sale

(Sharecast News) - Mears Group revealed on Monday that chief financial officer Andrew Smith had disposed of 108,303 ordinary shares in the London-listed housing and social care provider. Smith, who offloaded the stock to cover tax liabilities triggered by his 8 May option exercise, sold the shares at an average price of 400.50p each, for a total value of £433,753.53.

Following the transaction, Smith holds a beneficial interest in approximately 585,609 ordinary Mears shares, representing approximately 0.69% of the company's issued share capital.

As of 1400 BST, Mears shares were up 0.50% at 404.50p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Bank Of Ireland Group (cdi) (BIRG) Director name: O'Grady,Myles Amount purchased: 15,843 @ 16.13 Value: 255,547.58

Bank Of Ireland Group (cdi) (BIRG) Director name: Spain ,Mark Amount purchased: 9,727 @ 16.13 Value: 156,896.50

Kistos Holdings (KIST) Director name: Benmore,Richard Amount purchased: 1,286 @ 105.00p Value: £1,350.30

Kistos Holdings (KIST) Director name: Mann,Peter Amount purchased: 1,286 @ 105.00p Value: £1,350.30

Top Director Sells

Mears Group (MER) Director name: Smith,Andrew C M Amount sold: 108,303 @ 400.50p Value: £433,753.53

Mears Group (MER) Director name: Critchley,Lucas Amount sold: 60,984 @ 400.50p Value: £244,240.93

Kistos Holdings (KIST) Director name: Mann,Peter Amount sold: 60,419 @ 286.49p Value: £173,094.40

Bank Of Ireland Group (cdi) (BIRG) Director name: O'Grady,Myles Amount sold: 4,817 @ 16.57 Value: 79,812.87

Bank Of Ireland Group (cdi) (BIRG) Director name: Spain ,Mark Amount sold: 2,958 @ 16.57 Value: 49,011.10

Kistos Holdings (KIST) Director name: Thomson,James Amount sold: 15,601 @ 286.49p Value: £44,695.31

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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.