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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