REG - Restore PLC - Grant of SAYE Options and PDMR Dealings

RestoreAnnouncement

20/05/2024 14:15

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RNS Number : 1436P  Restore PLC  20 May 2024

20 May 2024

Restore plc

("Restore" or the "Group" or "Company")

 

Grant of SAYE Options and PDMR Dealings

 

 

Restore (AIM: RST), the UK's leading provider of digital and information
management and secure lifecycle services, announces that it has launched a
2024 Save As You Earn Scheme (the "2024 SAYE Scheme") for all eligible
employees, offering a saving plan over 3 years.

 

Employees were invited to subscribe for options ("Options") over the Company's
ordinary shares of 5p each in the Company ("Ordinary Shares") which were
granted on 16 May 2024 at an exercise price of 175 pence in accordance with
the terms of the 2024 SAYE Scheme. This represents a discount of 20% from the
average mid-market closing price for an Ordinary Share on the 5 business days
from Wednesday 17 April 2024 to Tuesday 23 April 2024 prior to the invitation
being made to all eligible employees on Wednesday 24 April 2024.

 

A total of 337 employees have participated in the scheme and 1,005,409 Options
have been granted representing 0.734% of the Company's issued share capital.

 

The following Persons Discharging Managerial Responsibility ("PDMRs") have
chosen to participate in the 2024 SAYE Scheme:

 

 

 PDMR             Title                    Number of Options granted

 Charles Skinner  Chief Executive Officer  5,300

 Dan Baker        Chief Financial Officer  5,300

 

 

For further information please contact:

 

 Restore plc                                    www.restoreplc.com (http://www.restoreplc.com)
 Charles Skinner, CEO                           + 44 (0) 207 409 2420
 Dan Baker, CFO
 Chris Fussell, Company Secretary

 Investec (Nominated Adviser and Joint Broker)  www.investec.com (http://www.investec.com)
 Carlton Nelson                                 + 44 (0) 207 597 5970
 James Rudd

 Canaccord Genuity (Joint Broker)               www.canaccordgenuity.com (http://www.canaccordgenuity.com)
 Max Hartley                                    + 44 (0) 207 523 8000

 Alex Aylen

 FTI Consulting (PR Enquiries)                  www.fticonsulting.com/uk (http://www.fticonsulting.com/uk)
 Nick Hasell                                    + 44 (0) 203 727 1340
 Alex Le May

 

The information below (set out in accordance with the requirements of the EU
Market Abuse Regulation) provides further detail:

 

 

 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 Officer
 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  Ordinary shares of 5 pence each

      Identification code                                          GB00B5NR1S72
 b)   Nature of the transaction                                    Grant of options under the 2024 Save As You Earn (SAYE) Scheme
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     175 pence         5,300

 d)   Aggregated information

      - Aggregated volume                                          As above - one transaction

      - Price

      - Total

 e)   Date of the transaction                                      16 May 2024

 f)   Place of the transaction                                     Outside of a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Dan Baker
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer
 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  Ordinary shares of 5 pence each

      Identification code                                          GB00B5NR1S72
 b)   Nature of the transaction                                    Grant of options under the 2024 Save As You Earn (SAYE) Scheme
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     175 pence         5,300

 d)   Aggregated information

      - Aggregated volume                                          As above - one transaction

      - Price

      - Total

 e)   Date of the transaction                                      16 May 2024

 f)   Place of the transaction                                     Outside of a trading venue

 

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