Restore PLC Exercise of Options and Directors' Dealing (0998C)

TIDMRST

RNS Number : 0998C

Restore PLC

13 June 2019

13 June 2019

Restore plc

Exercise of Options

Directors' Dealing

Restore plc (AIM: RST) announces that it has issued and allotted 386,357 new ordinary shares of 5 pence each ("New Ordinary Shares"). The New Ordinary Shares are being issued in relation to the exercise of nil-cost options granted in 2016 under the terms of the 2013 Executive Incentive Plan ("EIP").

Accordingly, application has been made for the 386,357 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence in the New Ordinary Shares at 8.00 a.m. on 14 June 2019.

In conjunction with the option exercise and issue of the New Ordinary Shares, Adam Councell, a director of the Company, has received 386,357 New Ordinary Shares and simultaneously sold 193,000 New Ordinary Shares as set out in the table below at an average price of 400 pence per share in order to settle the tax liability arising.

Following the exercise of the options, Adam Councell's beneficial shareholding is set out below:

 
        Number of          Number of     Number of        Interest in        Percentage of total 
  Ordinary Shares       New Ordinary      Ordinary    Ordinary Shares    voting rights following 
       held prior    Shares received   Shares sold      following the            the transaction 
      to exercise        as a result                      transaction 
       of options        of exercise 
                          of options 
          289,213            386,357       193,000            482,570                     0.388% 
 

In accordance with the Disclosure Guidance and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following this transaction its issued share capital will consist of 124,327,256 Ordinary Shares of 5 pence each. Shareholders may use this figure 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.

 
 For further information please contact: 
 
 Restore plc                                www.restoreplc.com 
 Charles Bligh, Chief Executive Officer     020 7409 2420 
 Adam Councell, Group Finance Director 
 
 Peel Hunt LLP                              www.peelhunt.com 
 Mike Bell                                  020 7418 8900 
 Guy Wiehahn 
 Ed Allsopp 
 
 FTI Consulting                             www.fticonsulting.com 
 Nick Hasell                                020 3727 1340 
 Alex Le May 
 

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
 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                                      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) 
                                                ------------------  ----------------- 
    Nil                                                              386,357 
   ---------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information                   N/A 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  11 June 2019 
      ---------------------------------------  ---------------------------------------- 
 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                                   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             Sale of Ordinary Shares of 5 pence 
                                              each 
      ------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
                                                   --------------  --------------- 
                                                    Price(s)        Volume(s) 
                                                   --------------  --------------- 
                                                    402.50p         6,037 
                                                     401.41p         1,500 
                                                     400.00p         97,334 
                                                     400.00p         56,840 
                                                     400.00p         31,289 
                                                   --------------  --------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                   193,000 
 
  - Price                               400p 
 
 e)    Date of the transaction               13 June 2019 
      ------------------------------------  ------------------------------------------ 
 f)    Place of the transaction              London Stock Exchange, AIM 
      ------------------------------------  ------------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 13, 2019 05:12 ET (09:12 GMT)