Mears announced that it has received notice from Chris Loughlin, non-executive director of the company and Chair-designate, of his resignation from the board with effect from 23 June 2023. Accordingly, he will not seek re-election at the Annual General Meeting to be held on the same date. Chris had previously offered himself for re-election.

Notwithstanding that proxy votes received suggest that this resolution would have passed with a majority in favour, there are a significant number of proxy votes against the resolution. As such, Chris has decided not to stand for re-election. The Board would like to thank Chris for his significant contribution during his time as a director.

As the company's Notice of Meeting has already been issued, the company confirms that the resolution to reappoint Chris Loughlin as a non-executive director of the company (resolution number 7) is now withdrawn. Following receipt of notice of Chris Loughlin's resignation, a review of the membership of the board, the chairman position and board committees will be undertaken and communicated in due course.