Notification of Secondary Placing of Shares

RNS Number : 9271O

Restore PLC

26 September 2013

 



26 September 2013

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

Notification of Secondary Placing of Shares

Restore has been notified that Geraldton Services Inc ("Geraldton"), which held 32,630,904 ordinary shares, representing 43.6 per cent of the Company's issued ordinary share capital, no longer has a notifiable interest in the Company's issued share capital following a placing yesterday through Cenkos Securities at a price of 131 pence per share.

Commenting on this secondary placing, Charles Skinner, Chief Executive of Restore, said:

"We are very pleased with the level of demand we have received from new and existing institutional investors and the enlargement of our shareholder base that this placing brings to our share register. The increase in the free float following the placing will provide additional liquidity to our shareholders and should assist Restore in achieving its longer-term strategic aims as the Company enters the next phase of its growth. On a personal note, I would like to express my appreciation for the support Geraldton has provided as a major shareholder, which has been key in transforming the Company over the last four years".

For further information please contact:

Restore plc Charles Skinner                Adam Councell	Tel: [phone] Tel: [phone]
Cenkos Securities Nicholas Wells Elizabeth Bowman	Tel: [phone]
FTI Consulting Nick Hasell	Tel: [phone]

 

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