Restore PLC Directors' Dealing (4690C)
April 13 2017 - 5:31AM
UK Regulatory
TIDMRST
RNS Number : 4690C
Restore PLC
13 April 2017
13 April 2017
Restore plc
("Restore" or the "Company")
Exercise of Options
Directors' Dealing
The Company has applied for 586,358 new ordinary shares of 5
pence each ("New Ordinary Shares") to be admitted to trading on AIM
("Admission"). The New Ordinary Shares are being issued in relation
to the exercise today of nil-cost options granted in 2016 under the
terms of the 2013 Executive Incentive Plan ("EIP") to the executive
directors of the Company. It is expected that Admission will become
effective and that dealings will commence in the New Ordinary
Shares at 8.00 a.m. on 21 April 2017.
Of the 2,345,431 nil-cost options being exercised, the Company
has elected to settle 75% of the value in cash, calculated
according to the closing price on Wednesday 12(th) April 2017 of
379.5p. As a result of this, 1,759,073 nil-cost options granted
under the EIP have been cancelled, thereby reducing the amount of
ongoing share dilution. The executive directors will use part of
the cash settlement to fund the tax liability on the remainder of
the option exercise referred to in the previous paragraph.
Following the exercise of the options, the executive directors'
beneficial shareholdings are now:
Directors' Number of Number of Interest in Percentage
Holdings Ordinary New Ordinary Ordinary Shares of total
Shares held Shares received following voting rights
prior to as a result the issue following
exercise of exercise of New Ordinary the issue
of options of options Shares of New Ordinary
Shares
Charles
Skinner 1,098,792 439,768 1,538,560 1.36%
Adam
Councell 145,623 146,590 292,213 0.26%
Following admission of the New Ordinary Shares there will be
112,729,615 ordinary shares in issue and admitted to trading on
AIM.
Contact:
Restore plc
Charles Skinner, Chief
Executive 07966 234 075
Adam Councell, Group
Finance Director 07860 402 434
Cenkos Securities plc 020 7397 8900
Nicholas Wells
Elizabeth Bowman
FTI Consulting 020 3727 1340
Nick Hasell
Alex Le May
Template for notification and public disclosure of transactions
by persons discharging managerial responsibilities and persons
closely associated with them
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
---- ------------------------------ ---------------------------------
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 N/A
---- ------------------------------ ---------------------------------
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 Ordinary Shares of 5 pence
the financial each
instrument, type
of instrument
----
Identification GB00B5NR1S72
code
b) Nature of the Exercise of nil cost share
transaction options
---- ------------------------------ ---------------------------------
c) Price(s) and volume(s)
---- -------------- --------------
Price(s) Volume(s)
---- -------------- --------------
- 439,768
-------------------------------------------------- --------------
d) Aggregated information N/A
----
- Aggregated volume
- Price
e) Date of the transaction 13 April 2017
---- ------------------------------ ---------------------------------
f) Place of the transaction Outside trading venue
---- ------------------------------ ---------------------------------
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
---- ---------------------------- ---------------------------------
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 N/A
---- ---------------------------- ---------------------------------
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 Ordinary Shares of 5 pence
the financial each
instrument, type
of instrument
----
Identification GB00B5NR1S72
code
b) Nature of the Cancellation of nil cost
transaction share options
---- ---------------------------- ---------------------------------
c) Price(s) and volume(s)
---- ----------------- -----------
Price(s) Volume(s)
---- ----------------- -----------
379.5 pence 1,319,305
--------------------------------------------------- -----------
d) Aggregated information N/A
----
- Aggregated volume
- Price
e) Date of the transaction 13 April 2017
---- ---------------------------- ---------------------------------
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 N/A
---- ------------------------------ ---------------------------------
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 Ordinary Shares of 5 pence
the financial each
instrument, type
of instrument
----
Identification GB00B5NR1S72
code
b) Nature of the Exercise of nil cost share
transaction options
---- ------------------------------ ---------------------------------
c) Price(s) and volume(s)
---- -------------- --------------
Price(s) Volume(s)
---- -------------- --------------
- 146,590
-------------------------------------------------- --------------
d) Aggregated information N/A
----
- Aggregated volume
- Price
e) Date of the transaction 13 April 2017
---- ------------------------------ ---------------------------------
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 N/A
---- ---------------------------- ---------------------------------
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 Ordinary Shares of 5 pence
the financial each
instrument, type
of instrument
----
Identification GB00B5NR1S72
code
b) Nature of the Cancellation of nil cost
transaction share options
---- ---------------------------- ---------------------------------
c) Price(s) and volume(s)
---- ----------------- -----------
Price(s) Volume(s)
---- ----------------- -----------
379.5 pence 439,768
--------------------------------------------------- -----------
d) Aggregated information N/A
----
- Aggregated volume
- Price
e) Date of the transaction 13 April 2017
---- ---------------------------- ---------------------------------
f) Place of the transaction Outside trading venue
---- ---------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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