Restore PLC Exercise of Options (1772R)

TIDMRST

RNS Number : 1772R

Restore PLC

19 September 2017

19 September 2017

Restore plc ("Restore" or the "Company")

Exercise of Options

The Company notifies that Neil Clark, a person discharging managerial responsibilities of the Company, today exercised 80,000 options over ordinary shares of 5 pence each for a price of 32.5 pence per share, which have been net settled at the closing price on 18 September 2017, being 561 pence per share.

Accordingly, application has been made for 75,366 ordinary shares of 5 pence each in the Company ("New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary Shares will rank pari-passu with existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on 25 September 2017.

Following admission of the New Ordinary Shares, the Company's issued ordinary share capital will consist of 112,889,742 ordinary shares. The Company does not hold any shares in treasury. Therefore, the total number of ordinary shares with voting rights in Restore following Admission will be 112,889,742.

The above figure of 112,889,742 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

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 
 
 

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                                     Neil Clark 
----  ---------------------------------------  ------------------------------------------ 
 2     Reason for the notification 
----  ----------------------------------------------------------------------------------- 
 a)    Position/status                          Managing Director - Restore Storage 
----  ---------------------------------------  ------------------------------------------ 
 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                                      213800CE3EOGYML9AY08 
----  ---------------------------------------  ------------------------------------------ 
 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 the                       Options over ordinary shares of 5 
        financial instrument,                    pence each 
        type of instrument 
---- 
       Identification code                      GB00B5NR1S72 
----  ---------------------------------------  ------------------------------------------ 
 b)    Nature of the transaction                Exercise of options over Ordinary 
                                                 Shares of 5 pence each 
----  ---------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
----                                            -------------------  ------------------ 
                                                 Price(s)             Volume(s) 
----                                            -------------------  ------------------ 
    -                                                                 75,366 
   ----------------------------------------------------------------  ------------------ 
 
 d)    Aggregated information                   N/A 
---- 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  19 September 2017 
----  ---------------------------------------  ------------------------------------------ 
 f)    Place of the transaction                 Outside trading venue 
----  ---------------------------------------  ------------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 19, 2017 07:18 ET (11:18 GMT)