Director/PDMR Shareholding

RNS Number : 1323K

Restore PLC

06 April 2018

 

6 April 2018

Restore plc
("Restore" or the "Company")

Exercise of Options and Directors' Dealing

The Company announces that, following an exercise of nil-cost options yesterday by the executive directors of the Company under the terms of the 2013 Executive Incentive Plan, application has been made for 800,000 new ordinary shares of 5 pence each ("New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary Shares will rank pari-passu with existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on 11 April 2018.

In conjunction with the above exercise of options, Charles Skinner and Adam Councell, the executive directors of the Company, have today sold their New Ordinary Shares for a price of 530 pence per share. As a result of these transactions, the executive directors' beneficial shareholdings are as follows:

Executive Director*	Existing Ordinary Shares held	New Ordinary Shares received	New Ordinary Shares sold	Resultant Ordinary Shares held	Percentage of enlarged issued share capital
Charles Skinner	1,538,560	600,000	600,000	1,538,560	1.2%
Adam Councell	292,213	200,000	200,000	292,213	0.2%

*includes shareholdings of the executive directors and persons closely associated with the executive directors

Following admission of the New Ordinary Shares, the Company's issued ordinary share capital will comprise 113,781,086 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 113,781,086, which may be used by shareholders 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.

Contact:

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

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	Charles Skinner
2	Reason for the notification
a)	Position/status	Chief Executive
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
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			-	600,000
d)	Aggregated information
	- Aggregated volume	600,000
	- Price	-
e)	Date of the transaction	5 April 2018
f)	Place of the transaction	Outside trading venue

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
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
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			530 pence	600,000
d)	Aggregated information
	- Aggregated volume	600,000
	- Price	£3,180,000
e)	Date of the transaction	6 April 2018
f)	Place of the transaction	AIMX

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
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			-	200,000
d)	Aggregated information
	- Aggregated volume	200,000
	- Price	-
e)	Date of the transaction	5 April 2018
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
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			530 pence	200,000
d)	Aggregated information
	- Aggregated volume	600,000
	- Price	£1,060,000
e)	Date of the transaction	6 April 2018
f)	Place of the transaction	AIMX

 

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