Restore PLC Result of General Meeting (8193H)
August 22 2016 - 9:16AM
UK Regulatory
TIDMRST
RNS Number : 8193H
Restore PLC
22 August 2016
22 August 2016
Restore PLC
Result of General Meeting
Restore plc ("Restore" or the "Company") confirms that, at the
General Meeting held today, all resolutions proposed were duly
passed.
Accordingly, further to the announcement of 20 July 2016, the
Company confirms, subject to among other matters admission becoming
effective, it will on 26 August 2016 issue and allot 12,143,632 new
ordinary shares of 5 pence each ("New Ordinary Shares") at 290
pence per share. This represents approximately 10.8 per cent of the
enlarged share capital, raising GBP35,216,532.80 (before expenses)
for the Company to fund the acquisition of PHS Data Solutions, the
costs associated with the acquisition and the ongoing working
capital requirements of the enlarged group.
An application has been made to the London Stock Exchange for
the New Ordinary Shares to be admitted to trading on AIM.
Subject to any outstanding conditions having been met, trading
in the New Ordinary Shares is expected to commence at 8.00 a.m. on
26 August 2016.
Following admission of the New Ordinary Shares, the Company's
issued share capital carrying voting rights will be
112,052,458.
Further details of the acquisition and the placing can be found
in the announcement of 20 July 2016 and the circular posted to
shareholders on 22 July 2016.
This is available to download at
http://www.restoreplc.com/shareholder_documents.aspx
For further information please contact:
Restore plc
Charles Skinner, Chief
Executive 07966 234 075
Adam Councell, Group
Finance Director 07860 402 434
Cenkos Securities 020 7397 8900
Nicholas Wells
Elizabeth Bowman
FTI Consulting 020 3727 1340
Nick Hasell
Alex Le May
This information is provided by RNS
The company news service from the London Stock Exchange
END
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