RST.L

Restore Plc
Restore PLC - Grant of SAYE Options and PDMR Dealings
20th May 2024, 13:03
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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

Charles Skinner, CEO

+ 44 (0) 207 409 2420

Dan Baker, CFO


Chris Fussell, Company Secretary




Investec (Nominated Adviser and Joint Broker)

www.investec.com

Carlton Nelson

+ 44 (0) 207 597 5970

James Rudd




Canaccord Genuity (Joint Broker)

www.canaccordgenuity.com

Max Hartley

Alex Aylen

+ 44 (0) 207 523 8000



FTI Consulting (PR Enquiries)

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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