Grant of SAYE Options and PDMR Dealings
Restore launched 2025 SAYE scheme with 311 employees granted 869,270 options at 176p exercise price.
- SAYE options granted 869,270
- Participating employees 311
- Exercise price 176p
- Discount to market 20%
- Options as % of issued capital 0.635%
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Restore (AIM: RST), the UK's leading provider of secure and sustainable business services for data, information, communications and assets, announces that it has launched a 2025 Save As You Earn Scheme (the "2025 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 13 May 2025 at an exercise price of 176 pence in accordance with the terms of the 2025 SAYE Scheme. This represents a discount of 20% to the average mid-market closing price for an Ordinary Share on the 5 business days from Monday 14 April 2025 to Tuesday 22 April 2025 prior to the invitation being made to all eligible employees on Wednesday 23 April 2025.
A total of 311 employees have participated in the scheme and 869,270 Options have been granted representing 0.635% of the Company's issued share capital.
| PDMR | Title | Number of Options granted |
|---|---|---|
| Charles Skinner | Chief Executive Officer | 5,227 |
| Dan Baker | Chief Financial Officer | 5,227 |
In addition, the Company has been notified that Rachel Baker and Sophie Baker, Persons Closely Associated with Dan Baker, each purchased 1,000 Ordinary Shares on 13 May 2025 at a price of 248.6p per Ordinary Share.
| 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 2025 Save As You Earn (SAYE) Scheme |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 176 pence | 5,227 | |
| d) | Aggregated information | |
| - Aggregated volume | As above - one transaction | |
| - Price - Total | ||
| e) | Date of the transaction | 13 May 2025 |
| 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 2025 Save As You Earn (SAYE) Scheme |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 176 pence | 5,227 | |
| d) | Aggregated information | |
| - Aggregated volume | As above - one transaction | |
| - Price - Total | ||
| e) | Date of the transaction | 13 May 2025 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Rachel Baker |
| 2 | Reason for the notification | |
| a) | Position/status | Person Closely Associated with Dan Baker, 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 | Purchase of ordinary shares of 5 pence each |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 248.6 pence | 1,000 | |
| d) | Aggregated information | |
| - Aggregated volume | As above - one transaction | |
| - Price - Total | ||
| e) | Date of the transaction | 13 May 2025 |
| f) | Place of the transaction | XLON - LONDON STOCK EXCHANGE - AIM |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Sophie Baker |
| 2 | Reason for the notification | |
| a) | Position/status | Person Closely Associated with Dan Baker, 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 | Purchase of ordinary shares of 5 pence each |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 248.6 pence | 1,000 | |
| d) | Aggregated information | |
| - Aggregated volume | As above - one transaction | |
| - Price - Total | ||
| e) | Date of the transaction | 13 May 2025 |
| f) | Place of the transaction | XLON - LONDON STOCK EXCHANGE - AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.