Director/PDMR Shareholding

RNS Number : 9342I

Restore PLC

26 March 2018

 

26 March 2018

Restore plc

("Restore" or the "Company")

Director/PDMR Shareholding

Further to the Company's announcement released today regarding a Placing to raise up to £51.5 million and the acquisition of TNT Business Solutions, Martin Towers, Chairman of the Company, has confirmed his agreement to participate in the Placing by subscribing for Placing Shares at the Placing Price, representing £51,000 in aggregate.

Accordingly, following admission of the total number of Placing Shares, the Company's issued ordinary share capital will comprise 123,081,086 ordinary shares, of which none are held in treasury. Therefore, the total number of ordinary shares with voting rights in Restore following Admission will be 123,081,086.

As a result of the above subscription, Mr Towers will hold 15,000 ordinary shares of 5 pence each in the capital of the Company, which will represent approximately 0.01% of the Company's issued ordinary share capital.

Capitalised terms used but not defined in this announcement shall have the same meaning as set out in the Company's announcement published today under RNS No. 8365I.

For further information please contact:

Restore plc
Charles Skinner, Chief Executive	07966 234 075
Adam Councell, Group Finance Director	07860 402 434
Cenkos Securities	020 7397 8900
Nick Wells
Elizabeth Bowman Harry Hargreaves
FTI Consulting
Nick Hasell	020 3727 1340
Alex Le May

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Towers
2	Reason for the notification
a)	Position/status	Chairman
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	Subscription for ordinary shares of 5 pence each
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			510 pence	10,000
d)	Aggregated information
	- Aggregated volume	10,000
	- Price	£51,000
e)	Date of the transaction	26 March 2018
f)	Place of the transaction	Outside trading venue

 

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