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 Ordinary Shares held prior to exercise of options |
Number of New Ordinary Shares received as a result of exercise of options |
Number of Ordinary Shares sold |
Interest in Ordinary Shares following the transaction |
Percentage of total voting rights following the transaction |
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: |
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Restore plc |
www.restoreplc.com |
Charles Bligh, Chief Executive Officer |
020 7409 2420 |
Adam Councell, Group Finance Director |
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Peel Hunt LLP |
www.peelhunt.com |
Mike Bell |
020 7418 8900 |
Guy Wiehahn |
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Ed Allsopp |
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FTI Consulting |
www.fticonsulting.com |
Nick Hasell |
020 3727 1340 |
Alex Le May |
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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 /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 |
Options over ordinary shares of 5 pence each |
Identification code |
GB00B5NR1S72 |
b) |
Nature of the transaction |
Exercise of options over Ordinary Shares of 5 pence each |
c) |
Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Nil |
386,357 |
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d) |
Aggregated information |
N/A |
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- Aggregated volume |
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- Price |
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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 /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 |
Options over ordinary shares of 5 pence each |
Identification code |
GB00B5NR1S72 |
b) |
Nature of the transaction |
Sale of Ordinary Shares of 5 pence each |
c) |
Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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402.50p 401.41p 400.00p 400.00p 400.00p |
6,037 1,500 97,334 56,840 31,289 |
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d) |
Aggregated information |
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- Aggregated volume |
193,000 |
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- Price |
400p |
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e) |
Date of the transaction |
13 June 2019 |
f) |
Place of the transaction |
London Stock Exchange, AIM |
