Exercise of Options and Directors' Dealing

RNS Number : 0998C
Restore PLC
13 June 2019
 

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:




Restore plc

www.restoreplc.com

Charles Bligh, Chief Executive Officer

020 7409 2420

Adam Councell, Group Finance Director




Peel Hunt LLP

www.peelhunt.com

Mike Bell

020 7418 8900

Guy Wiehahn


Ed Allsopp




FTI Consulting

www.fticonsulting.com

Nick Hasell

020 3727 1340

Alex Le May


 

 

 

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)







Price(s)

Volume(s)




Nil

386,357







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




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)







Price(s)

Volume(s)




402.50p

401.41p

400.00p

400.00p

400.00p

6,037

1,500

97,334

56,840

31,289







d)

 

Aggregated information




- Aggregated volume

193,000



- Price

400p



e)

 

Date of the transaction

 

13 June 2019

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 


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