Grant of SAYE Options and PDMR Dealings
Restore launched 2024 SAYE scheme; 337 employees granted 1,005,409 options at 175 pence per share.
- SAYE Options granted 1,005,409
- Exercise price 175 pence
- Discount to market 20%
- Employees participated 337
- Share capital dilution 0.734%
- CEO options granted 5,300
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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.
| PDMR | Title | Number of Options granted |
| Charles Skinner | Chief Executive Officer | 5,300 |
| Dan Baker | Chief Financial Officer | 5,300 |
| 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 |
| a) | Name | Restore plc |
| b) | LEI | 213800CE3EOGYML9AY08 |
| 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 |
| a) | Name | Restore plc |
| b) | LEI | 213800CE3EOGYML9AY08 |
| 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 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.