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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Restore Plc | LSE:RST | London | Ordinary Share | GB00B5NR1S72 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 219.50 | 218.00 | 221.00 | 219.50 | 219.50 | 219.50 | 319,419 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Services, Nec | 279M | 16.8M | 0.1227 | 17.89 | 300.55M |
TIDMRST
RNS Number : 4690C
Restore PLC
13 April 2017
13 April 2017
Restore plc
("Restore" or the "Company")
Exercise of Options
Directors' Dealing
The Company has applied for 586,358 new ordinary shares of 5 pence each ("New Ordinary Shares") to be admitted to trading on AIM ("Admission"). The New Ordinary Shares are being issued in relation to the exercise today of nil-cost options granted in 2016 under the terms of the 2013 Executive Incentive Plan ("EIP") to the executive directors of the Company. It is expected that Admission will become effective and that dealings will commence in the New Ordinary Shares at 8.00 a.m. on 21 April 2017.
Of the 2,345,431 nil-cost options being exercised, the Company has elected to settle 75% of the value in cash, calculated according to the closing price on Wednesday 12(th) April 2017 of 379.5p. As a result of this, 1,759,073 nil-cost options granted under the EIP have been cancelled, thereby reducing the amount of ongoing share dilution. The executive directors will use part of the cash settlement to fund the tax liability on the remainder of the option exercise referred to in the previous paragraph.
Following the exercise of the options, the executive directors' beneficial shareholdings are now:
Directors' Number of Number of Interest in Percentage Holdings Ordinary New Ordinary Ordinary Shares of total Shares held Shares received following voting rights prior to as a result the issue following exercise of exercise of New Ordinary the issue of options of options Shares of New Ordinary Shares Charles Skinner 1,098,792 439,768 1,538,560 1.36% Adam Councell 145,623 146,590 292,213 0.26%
Following admission of the New Ordinary Shares there will be 112,729,615 ordinary shares in issue and admitted to trading on AIM.
Contact:
Restore plc Charles Skinner, Chief Executive 07966 234 075 Adam Councell, Group Finance Director 07860 402 434 Cenkos Securities plc 020 7397 8900 Nicholas Wells Elizabeth Bowman FTI Consulting 020 3727 1340 Nick Hasell Alex Le May
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person closely associated ---- ----------------------------------------------------------------- a) Name Charles Skinner ---- ------------------------------ --------------------------------- 2 Reason for the notification ---- ----------------------------------------------------------------- a) Position/status Chief Executive ---- ------------------------------ --------------------------------- b) Initial notification Initial notification /Amendment ---- ------------------------------ --------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---- ----------------------------------------------------------------- a) Name Restore plc ---- ------------------------------ --------------------------------- b) LEI N/A ---- ------------------------------ --------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ---- ----------------------------------------------------------------- a) Description of Ordinary Shares of 5 pence the financial each instrument, type of instrument ---- Identification GB00B5NR1S72 code b) Nature of the Exercise of nil cost share transaction options ---- ------------------------------ --------------------------------- c) Price(s) and volume(s) ---- -------------- -------------- Price(s) Volume(s) ---- -------------- -------------- - 439,768 -------------------------------------------------- -------------- d) Aggregated information N/A ---- - Aggregated volume - Price e) Date of the transaction 13 April 2017 ---- ------------------------------ --------------------------------- f) Place of the transaction Outside trading venue ---- ------------------------------ --------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated ---- --------------------------------------------------------------- a) Name Charles Skinner ---- ---------------------------- --------------------------------- 2 Reason for the notification ---- --------------------------------------------------------------- a) Position/status Chief Executive ---- ---------------------------- --------------------------------- b) Initial notification Initial notification /Amendment ---- ---------------------------- --------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---- --------------------------------------------------------------- a) Name Restore plc ---- ---------------------------- --------------------------------- b) LEI N/A ---- ---------------------------- --------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ---- --------------------------------------------------------------- a) Description of Ordinary Shares of 5 pence the financial each instrument, type of instrument ---- Identification GB00B5NR1S72 code b) Nature of the Cancellation of nil cost transaction share options ---- ---------------------------- --------------------------------- c) Price(s) and volume(s) ---- ----------------- ----------- Price(s) Volume(s) ---- ----------------- ----------- 379.5 pence 1,319,305 --------------------------------------------------- ----------- d) Aggregated information N/A ---- - Aggregated volume - Price e) Date of the transaction 13 April 2017 ---- ---------------------------- --------------------------------- f) Place of the transaction Outside trading venue ---- ---------------------------- --------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated ---- ----------------------------------------------------------------- a) Name Adam Councell ---- ------------------------------ --------------------------------- 2 Reason for the notification ---- ----------------------------------------------------------------- a) Position/status Group Finance Director ---- ------------------------------ --------------------------------- b) Initial notification Initial notification /Amendment ---- ------------------------------ --------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---- ----------------------------------------------------------------- a) Name Restore plc ---- ------------------------------ --------------------------------- b) LEI N/A ---- ------------------------------ --------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ---- ----------------------------------------------------------------- a) Description of Ordinary Shares of 5 pence the financial each instrument, type of instrument ---- Identification GB00B5NR1S72 code b) Nature of the Exercise of nil cost share transaction options ---- ------------------------------ --------------------------------- c) Price(s) and volume(s) ---- -------------- -------------- Price(s) Volume(s) ---- -------------- -------------- - 146,590 -------------------------------------------------- -------------- d) Aggregated information N/A
---- - Aggregated volume - Price e) Date of the transaction 13 April 2017 ---- ------------------------------ --------------------------------- f) Place of the transaction Outside trading venue ---- ------------------------------ --------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated ---- --------------------------------------------------------------- a) Name Adam Councell ---- ---------------------------- --------------------------------- 2 Reason for the notification ---- --------------------------------------------------------------- a) Position/status Group Finance Director ---- ---------------------------- --------------------------------- b) Initial notification Initial notification /Amendment ---- ---------------------------- --------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---- --------------------------------------------------------------- a) Name Restore plc ---- ---------------------------- --------------------------------- b) LEI N/A ---- ---------------------------- --------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ---- --------------------------------------------------------------- a) Description of Ordinary Shares of 5 pence the financial each instrument, type of instrument ---- Identification GB00B5NR1S72 code b) Nature of the Cancellation of nil cost transaction share options ---- ---------------------------- --------------------------------- c) Price(s) and volume(s) ---- ----------------- ----------- Price(s) Volume(s) ---- ----------------- ----------- 379.5 pence 439,768 --------------------------------------------------- ----------- d) Aggregated information N/A ---- - Aggregated volume - Price e) Date of the transaction 13 April 2017 ---- ---------------------------- --------------------------------- f) Place of the transaction Outside trading venue ---- ---------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
April 13, 2017 06:31 ET (10:31 GMT)
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