Last checked at 6 Apr 2018 11:50
6 April 2018
Restore plc("Restore" or the "Company")
Exercise of Options and Directors' Dealing
The Company announces that, following an exercise of nil-cost options yesterday by the executive directors of the Company under the terms of the 2013 Executive Incentive Plan, application has been made for 800,000 new ordinary shares of 5 pence each ("New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary Shares will rank pari-passu with existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on 11 April 2018.
In conjunction with the above exercise of options, Charles Skinner and Adam Councell, the executive directors of the Company, have today sold their New Ordinary Shares for a price of 530 pence per share. As a result of these transactions, the executive directors' beneficial shareholdings are as follows:
Executive Director* | Existing Ordinary Shares held | New Ordinary Shares received | New OrdinaryShares sold | Resultant Ordinary Shares held | Percentage of enlarged issued share capital |
Charles Skinner | 1,538,560 | 600,000 | 600,000 | 1,538,560 | 1.2% |
Adam Councell | 292,213 | 200,000 | 200,000 | 292,213 | 0.2% |
*includes shareholdings of the executive directors and persons closely associated with the executive directors
Following admission of the New Ordinary Shares, the Company's issued ordinary share capital will comprise 113,781,086 Ordinary Shares, of which none are held in treasury. Therefore, the total number of ordinary shares with voting rights in Restore following admission will be 113,781,086, which may be used by shareholders 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.
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 | |
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Charles Skinner | |||
2 | Reason for the notification | ||||
a) | Position/status | Chief Executive | |||
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 | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
- | 600,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 600,000 | ||||
- Price | - | ||||
e)
| Date of the transaction
| 5 April 2018 | |||
f)
| Place of the transaction
| Outside trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Charles Skinner | |||
2 | Reason for the notification | ||||
a) | Position/status | Chief Executive | |||
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 | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
530 pence | 600,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 600,000 | ||||
- Price | £3,180,000 | ||||
e)
| Date of the transaction
| 6 April 2018 | |||
f)
| Place of the transaction
| AIMX | |||
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 | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
- | 200,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 200,000 | ||||
- Price | - | ||||
e)
| Date of the transaction
| 5 April 2018 | |||
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 | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
530 pence | 200,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 600,000 | ||||
- Price | £1,060,000 | ||||
e)
| Date of the transaction
| 6 April 2018 | |||
f)
| Place of the transaction
| AIMX | |||