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RST Restore Plc

216.00
-6.00 (-2.70%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -6.00 -2.70% 216.00 216.00 220.00 218.00 218.00 218.00 263,729 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 279M 16.8M 0.1227 17.77 298.49M

Restore PLC Acquisition of 1 Big Data (9491V)

20/04/2021 7:00am

UK Regulatory


Restore (LSE:RST)
Historical Stock Chart


From Mar 2021 to Mar 2024

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TIDMRST

RNS Number : 9491V

Restore PLC

20 April 2021

20 April 2021

Restore plc

("Restore" or the "Group" or "Company")

Acquisition of 1 Big Data Management Ltd

Restore acquisition of a leading local Records Management business

Restore plc (AIM: RST), the UK's leading provider of integrated information and data management services, secure technology recycling, and commercial relocation solutions, is pleased to announce that it has acquired 100% of the share capital of Big Data Management Ltd ("1 Big Data"), a leading high quality records management business based in Tilbury, London.

Established in 1994, 1 Big Data has been securely managing corporate clients' records for over 25 years and is recognised as one of the highest quality operators in the south east of England. The business is expected to bring in revenues of approximately GBP600k per annum from its 160,000 boxes.

This acquisition represents a further step in Restore's strategy for growth via organic expansion, strategic acquisition and margin improvement through synergies and efficiency gains, as outlined in the Capital Markets Day in November 2020.

Charles Bligh, CEO, commented on the acquisition:

"With our growing confidence in the performance of Restore, we have reactivated many conversations with companies aligned to our growth strategy over the last six months and I am delighted we have agreed this acquisition in the Records Management business as it brings over 160,000 additional boxes to the Group. 1 Big Data has a great team and a first-class reputation for service and we intend to continue the good work with its customers, whom we welcome to Restore."

Restore plc www.restoreplc.com

   Charles Bligh, CEO                                                              020 7409 2420 

Neil Ritchie, CFO

   Peel Hunt LLP                                                                      www.peelhunt.com 

Mike Bell 020 7418 8900

Ed Allsopp

   Buchanan Communications                                              www.buchanan.uk.com 
   Charles Ryland                                                                    020 7466 5000 

Stephanie Watson

Tilly Abraham

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END

ACQBLGDSUDBDGBC

(END) Dow Jones Newswires

April 20, 2021 02:00 ET (06:00 GMT)

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