Restore PLC Exercise of Options and Directors' Dealing (0998C)
June 13 2019 - 5:12AM
UK Regulatory
TIDMRST
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 Number of Number of Interest in Percentage of total
Ordinary Shares New Ordinary Ordinary Ordinary Shares voting rights following
held prior Shares received Shares sold following the the transaction
to exercise as a result transaction
of options of exercise
of options
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 Initial notification
/Amendment
--------------------------------------- ----------------------------------------
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 Options over ordinary shares of 5
financial instrument, pence each
type of instrument
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 Initial notification
/Amendment
------------------------------------ ------------------------------------------
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 Options over ordinary shares of 5
financial instrument, pence each
type of instrument
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 6,037
401.41p 1,500
400.00p 97,334
400.00p 56,840
400.00p 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
------------------------------------ ------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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