Restore PLC Grant of SAYE Options and PDMR Dealings
20 May 2024 - 11:03PM
RNS Regulatory News
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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