RESULT OF GENERAL MEETING

RNS Number : 4171Y

Restore PLC

29 February 2012

 



Restore PLC

("Restore" or the "Company")

29 February 2012

RESULT OF GENERAL MEETING

The Company is pleased to confirm that, at the General Meeting held earlier today, all resolutions proposed were duly passed.

Accordingly, further to the announcement by the Company on 10 February 2012, the Company confirms, subject to Admission becoming effective:

§ The acquisition of all of the issued and to be issued share capital of Harrow Green Group Limited;

§ The issue and allotment of 11,333,334 Placing Shares at 75p each (representing approximately 17.6 per cent of the enlarged share capital), raising £8.5million (before expenses) for the Company to fund the acquisition, the costs associated with the acquisition and the ongoing working capital requirements of the enlarged group.

An application has been made to the London Stock Exchange for the enlarged share capital to be admitted to trading on AIM.  Subject to any outstanding conditions having been met, trading is expected to commence at 8.00 a.m. on 1 March 2012.

Following admission of the Placing Shares, the Company will have 64,433,125 Ordinary Shares in issue.

Further details of the acquisition and the placing can be found in the announcement of the Company released on 10 February 2012 and the circular which was posted to shareholders on 10 February 2012.  This is available to download at http://www.restoreplc.com/shareholder-documents.php

Furthermore, the Company has today entered into an enlarged lending facility with Barclays Bank plc, as further detailed in the announcement of the Company released on 10 February 2012.

Contact:

Restore plc
Charles Skinner, Chief Executive	07966 234 075
Harvey Samson, Group Finance Director	07836 658 448
Cenkos
Nick Wells	020 7397 8920
Adrian Hargrave	020 7397 8922
FTI Consulting
Nick Hasell	020 7269 7291
Sophie Moate

 

END

 

 

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