Restore PLC Grant of SAYE Options and PDMR Dealings

RNS Number : 1436P

Restore PLC

20 May 2024

 

20 May 2024

Restore plc

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

 

Grant of SAYE Options and PDMR Dealings

 

 

Restore (AIM: RST), the UK's leading provider of digital and information management and secure lifecycle services, announces that it has launched a 2024 Save As You Earn Scheme (the "2024 SAYE Scheme") for all eligible employees, offering a saving plan over 3 years.

 

Employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 5p each in the Company ("Ordinary Shares") which were granted on 16 May 2024 at an exercise price of 175 pence in accordance with the terms of the 2024 SAYE Scheme. This represents a discount of 20% from the average mid-market closing price for an Ordinary Share on the 5 business days from Wednesday 17 April 2024 to Tuesday 23 April 2024 prior to the invitation being made to all eligible employees on Wednesday 24 April 2024.

 

A total of 337 employees have participated in the scheme and 1,005,409 Options have been granted representing 0.734% of the Company's issued share capital.

 

The following Persons Discharging Managerial Responsibility ("PDMRs") have chosen to participate in the 2024 SAYE Scheme:

 

 

PDMR	Title	Number of Options granted
Charles Skinner	Chief Executive Officer	5,300
Dan Baker	Chief Financial Officer	5,300

 

 

For further information please contact:

 

Restore plc	www.restoreplc.com
Charles Skinner, CEO	+ 44 (0) 207 409 2420
Dan Baker, CFO
Chris Fussell, Company Secretary
Investec (Nominated Adviser and Joint Broker)	www.investec.com
Carlton Nelson	+ 44 (0) 207 597 5970
James Rudd
Canaccord Genuity (Joint Broker)	www.canaccordgenuity.com
Max Hartley Alex Aylen	+ 44 (0) 207 523 8000
FTI Consulting (PR Enquiries)	www.fticonsulting.com/uk
Nick Hasell	+ 44 (0) 203 727 1340
Alex Le May

 

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

 

 

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 Officer
b)	Initial notification /Amendment	Initial notification
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 financial instrument, type of instrument	Ordinary shares of 5 pence each
	Identification code	GB00B5NR1S72
b)	Nature of the transaction	Grant of options under the 2024 Save As You Earn (SAYE) Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			175 pence	5,300
d)	Aggregated information
	- Aggregated volume	As above - one transaction
	- Price   - Total
e)	Date of the transaction	16 May 2024
f)	Place of the transaction	Outside of a trading venue

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dan Baker
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
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 financial instrument, type of instrument	Ordinary shares of 5 pence each
	Identification code	GB00B5NR1S72
b)	Nature of the transaction	Grant of options under the 2024 Save As You Earn (SAYE) Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			175 pence	5,300
d)	Aggregated information
	- Aggregated volume	As above - one transaction
	- Price   - Total
e)	Date of the transaction	16 May 2024
f)	Place of the transaction	Outside of a trading venue

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

DSHAMMJTMTMTBTI