Director/PDMR Shareholding
Restore plc announced that on May 7, 2026, Chief Executive Officer Charles Skinner exercised nil-cost options for 223,531 ordinary shares, and Chief Financial Officer Dan Baker exercised nil-cost options for 105,275 ordinary shares. To cover tax liabilities, 105,060 shares were withheld from Skinner and 49,480 from Baker. Following these transactions, Skinner will hold 1,819,932 shares and Baker will hold 182,795 shares.
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Restore plc (AIM: RST), the UK's leading provider of secure and sustainable business services for data, information, communications and assets, announces that on 7 May 2026, Charles Skinner, Chief Executive Officer, and Dan Baker, Chief Financial Officer, exercised nil-cost options over (respectively) 223,531 and 105,275 ordinary shares of 5 pence each in the capital of the Company (the "Ordinary Shares"), which had vested under the performance criteria of the Company's Long Term Incentive Plan granted on 17 November 2023 (the "Option Exercise").
In order to satisfy the tax liability due under the Option Exercise, the Company has implemented a net settlement arrangement. As such, 105,060 Ordinary Shares were withheld from transfer to Charles Skinner and 49,480 Ordinary Shares were withheld from issue to Dan Baker, the value of which will be paid by the Company to His Majesty's Revenue and Customs by the Company on their behalf (the "Tax Liability").
Following the Option Exercise and net settlement of the Tax Liability, Charles Skinner and Dan Baker will receive 118,471 and 55,795 Ordinary Shares respectively. The Option Exercise will be satisfied by way of a transfer of Ordinary Shares currently held by the Company's employee benefit trust.
Following these transactions, Charles Skinner and Dan Baker hold beneficial interests in 1,819,932 Ordinary Shares and 182,795 Ordinary Shares respectively.
| 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 | Exercise of nil cost share options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| - | 223,531 | |
| d) | Aggregated information | |
| - Aggregated volume | As above - one transaction | |
| - Price - Total | ||
| e) | Date of the transaction | 7 May 2026 |
| 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 | Exercise of nil cost share options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| - | 105,275 | |
| d) | Aggregated information | |
| - Aggregated volume | As above - one transaction | |
| - Price - Total | ||
| e) | Date of the transaction | 7 May 2026 |
| 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.