Directors Dealing

RNS Number : 4957X

Restore PLC

06 May 2016

 

6 May 2016

Restore plc

("Restore" or the "Company")

Exercise of Options

Directors Dealing

Pursuant to Restore's Employee Share Option Scheme the Company has applied for 3,916,015 new ordinary shares of 5 pence each ("New Ordinary Shares") to be admitted to trading on AIM ("Admission"). The New Ordinary Shares are being issued in relation to the exercise today of options granted in 2010 and 2012 to certain employees and directors of the Company. It is expected that Admission will become effective and that dealings will commence in the New Ordinary Shares at 8.00 a.m. on 11 May 2016.

In conjunction with the option exercise and issue of New Ordinary Shares, Sir William Wells, Charles Skinner and Adam Councell, all directors of the Company, have received and simultaneously sold a number of their New Ordinary Shares as set out in the table below at a price of £3.05 per share.

Directors Holdings	Number of Ordinary Shares held prior to exercise of options	Number of New Ordinary Shares received as a result of exercise of options	Exercise price of options (£)	Number of shares sold	Interest in Ordinary Shares Following the issue and sale of New Ordinary Shares	Percentage of total voting rights following the issue of New Ordinary Shares
Sir William Wells	352,553 -	480,315 375,427	0.325 0.83	855,742	352,553	0.35%
Charles Skinner	541,415 -	1,260,826 937,794	0.325 0.83	1,641,243	1,098,792	1.10%
Adam Councell	-	294,148	0.83	148,525	145,623	0.15%

Following admission of the New Ordinary Shares there will be 99,870,775 ordinary shares in issue and admitted to trading on AIM.

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
Alex Le May

 

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