Acquisition of Imaging and Archiving

5 August 2015

Restore plc

Acquisition of The Data Imaging and Archiving Company

Restore plc ("Restore" or "the Company") today announces that it has exchanged contracts to acquire the business and assets of The Data Imaging and Archiving Company ("Imaging and Archiving"). Completion is expected to take place on 18 August 2015, following staff consultation.

Imaging and Archiving, founded in 1995, provides document management services from its base in South London and serves customers in both the private and public sectors.

Imaging and Archiving is being purchased for a cash consideration of £1.45 million on a cash-free, debt-free basis, funded from Restore's existing banking facilities.  For the 12 months ending 31 December 2014, Imaging and Archiving's turnover was £1.3 million, on which it recorded a small profit.

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