20 November 2023
Restore plc
("Restore" or the "Company")
Director/PDMR Shareholding
Grant of LTIP Share Options and Purchase of Shares
Restore plc (AIM: RST), the UK's leading provider of digital and information management and secure lifecycle services, announces that on 17 November 2023, Charles Skinner, Chief Executive Officer, and Dan Baker, Chief Financial Officer, were granted (respectively) 549,132 and 258,620 nil-cost options over ordinary shares of 5 pence each in the capital of the Company (the "Ordinary Shares") under the existing Restore plc Long Term Incentive Plan (the "LTIP"). These LTIP options will vest on 30 April 2026, subject to the achievement of performance conditions, with the vested awards being subject to a post-vesting holding period of six months for 50% of the vested shares and twelve months for the remaining 50%.
In addition, on 17 November 2023 Dan Baker, CFO, purchased 25,000 Ordinary Shares at a price of 206 pence per share.
Following the award and the purchase set out above, Charles Skinner's and Dan Baker's beneficial interests in the Company are set out below:
| PDMR | Position | Number of 2023 LTIPs | Number of vested but unexercised share options | Number of Ordinary Shares |
| Charles Skinner | Chief Executive Officer | 549,132 | 0 | 1,546,022 |
| Dan Baker | Chief Financial Officer | 258,620 | 0 | 25,000 |
For further information please contact:
| Restore plc | |
| Chris Fussell, Company Secretary | +44 (0) 207 409 2420
|
| Investec (Nominated Adviser and Joint Broker) | www.investec.com |
| Carlton Nelson James Rudd
| +44 (0) 207 597 5970 |
| Canaccord Genuity (Joint Broker) | www.canaccordgenuity.com |
| Max Hartley Alex Aylen
| +44 (0) 207 523 8000 |
| FTI Consulting (PR Enquiries) Nick Hasell Alex Le May | +44 (0) 203 727 1340 |
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 awards pursuant to the 2023 LTIP | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | - | 549,132 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | As above - one transaction | ||||
| | | ||||
| - Price
- Total | | ||||
| | | ||||
| e)
| Date of the transaction
| 17 November 2023 | |||
| 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 awards pursuant to the 2023 LTIP | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | - | 258,620 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | As above - one transaction | ||||
| | | ||||
| - Price
- Total | | ||||
| | | ||||
| e)
| Date of the transaction
| 17 November 2023 | |||
| 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 | Purchase of ordinary shares of 5 pence each | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 206 pence | 25,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | As above - one transaction | ||||
| | | ||||
| - Price
- Total | | ||||
| | | ||||
| e)
| Date of the transaction
| 17 November 2023 | |||
| f)
| Place of the transaction
| AIM, London Stock Exchange | |||
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