Restore Regulatory News (RST)

23 April 2020

Restore plc

2020 Annual General Meeting Update

Alternative Arrangements

Restore plc (AIM: RST), the UK market leader in document management and business relocation, today issues the following update to its 2020 Annual General Meeting ('AGM').

Restore plc's AGM is due to take place on 21 May 2020 at 10.00am at premises to which the Company may not have access on that date. The Board considers the AGM as an important opportunity to present to shareholders the Company's performance and strategic priorities, and to listen to, and respond to shareholder questions. However, the Board notes the guidance issued by the UK Government on 23 March 2020 restricting social gatherings in view of the ongoing COVID-19 pandemic, guidance which remains in place, and if such guidance remains in place on the date of the AGM, shareholders will be prohibited from attending the AGM. As there is no certainty as to when these restrictions will be removed, the Board has decided to change the location of the AGM to the Company's Registered Office, The Databank, Unit 5, Redhill Distribution Centre, Salbrook Road, Redhill, Surrey RH1 5DY and the format of the meeting shall be by teleconference.

As set out in its Business Update and COVID-19 Statement on 21 April 2020, the Board believes that conserving capital and maximising financial flexibility is in the long-term best interests of the business and all its stakeholders. Accordingly, the Board is no longer recommending the final dividend of 4.8p per ordinary share for the year ended 31 December 2019 that was announced with the full year 2019 results on 18 March 2020. As a result, a resolution to approve the 2019 final dividend payment of 4.8p per ordinary share will not now be proposed at the AGM.

The Board requests that shareholders do not attend the AGM but instead appoint a proxy and provide voting instructions in advance to that proxy, either electronically or by using the appropriate Form of Proxy.

A dial in facility has been put in place for shareholders to listen to the AGM proceedings by phone by registering using the following link www.restoreplc.com/agm. Shareholders dialling in will not be counted as being present at the meeting and therefore, will not be able to speak or ask questions. Instead, shareholders are encouraged to submit questions at least 7 days prior to the date of the AGM, relating to the business being dealt with at the AGM, to the Company Secretary using the following e-mail address: cosec@restoreplc.com. The Company will endeavour to publish these questions and the Company's responses to the Company's website (https://www.restoreplc.com) as soon as practicable after the AGM.

The Company is taking these precautionary measures in light of the continued uncertainty and in order to safeguard its shareholders' and employees' health and make the AGM as safe and efficient as possible. The Company apologises for any inconvenience caused by these changes and arrangements, but it considers these changes to be the most appropriate way to hold its AGM in order to enable as many shareholders as possible to listen to proceedings.

For further information, please contact:

Restore plc www.restoreplc.com

Sarah Waudby, Company Secretary 020 7409 2420

Peel Hunt LLP www.peelhunt.com

Mike Bell 020 7418 8900

Ed Allsopp

Buchanan Communications www.buchanan.uk.com 

Charles Ryland 020 7466 5000

Vicky Haynes

Stephanie Watson