Business
Exercise of Options and Directors' Dealing
Exercise of Options and Directors' Dealing.
About this update from Restore Plc
[{"type":"text","content":"\n \nRNS Number : 0998C Restore PLC 13 June 2019 \n\n13 June 2019\nRestore plc\n \nExercise of Options\n \nDirectors' Dealing\n \nRestore plc (AIM: RST) announces that it has issued and allotted 386,357 new ordinary shares of 5 pence each (\"New Ordinary Shares\"). The New Ordinary Shares are being issued in relation to the exercise of nil-cost options granted in 2016 under the terms of the 2013 Executive Incentive Plan (\"EIP\").\n \nAccordingly, application has been made for the 386,357 New Ordinary Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective and that dealings will commence in the New Ordinary Shares at 8.00 a.m. on 14 June 2019. \n \nIn conjunction with the option exercise and issue of the New Ordinary Shares, Adam Councell, a director of the Company, has received 386,357 New Ordinary Shares and simultaneously sold 193,000 New Ordinary Shares as set out in the table below at an average price of 400 pence per share in order to settle the tax liability arising.\n \nFollowing the exercise of the options, Adam Councell's beneficial shareholding is set out below:\n \n\n\n\nNumber of Ordinary Shares held prior to exercise of options\n\n\nNumber of New Ordinary Shares received as a result of exercise of options\n\n\nNumber of Ordinary Shares sold \n\n\nInterest in Ordinary Shares following the transaction\n\n\nPercentage of total voting rights following the transaction\n\n\n\n\n289,213\n\n\n386,357\n\n\n193,000\n\n\n482,570\n\n\n0.388%\n\n\n\n \n \nIn accordance with the Disclosure Guidance and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following this transaction its issued share capital will consist of 124,327,256 Ordinary Shares of 5 pence each. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \n \n\n\n\nFor further information please contact:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRestore plc\n\n\nwww.restoreplc.com\n\n\n\n\nCharles Bligh, Chief Executive Officer \n\n\n020 7409 2420 \n\n\n\n\nAdam Councell, Group Finance Director \n\n\n\n\n\n\n\n\n\n\n\n\n\...