Restore (RST): Buyback programme and special dividend
This situation live
RST Restore
12 Mar 2026 · announced · +3% until the next step
Trading since the start of the year has been strong. All divisions are performing in line with or above our expectations, and accordingly we expect full year adjusted profit before tax to be slightly
16 Mar 2026 · announced · +4% until the next step
Investec will execute the first £10m of the Buyback and Canaccord will execute the second £10m, each acting severally as riskless principal.
12 May 2026 · proposed · +15% since
Revenues increased significantly, reflecting both the contribution from acquisitions completed during the prior year and organic growth.
Buyback programme and special dividend
proposed
Kindbuyback programme
Amount£20m
Of market value6.1%
As of 12 May 2026 ↗
Since Oct 2023: 124 situations of this kind – paid out 65%, went quiet 35%; median share price +5% six months after they opened
Next: continued purchases under the £20m programme
Every step · 4
- 12 Mar 2026 announced – Trading since the start of the year has been strong. All divisions are performing in line with or above our expectations, and accordingly we expect full... ↗
- 12 Mar 2026 proposed – Trading since the start of the year has been strong. All divisions are performing in line with or above our expectations, and accordingly we expect full... ↗
- 16 Mar 2026 announced – Investec will execute the first £10m of the Buyback and Canaccord will execute the second £10m, each acting severally as riskless principal. ↗
- 12 May 2026 proposed – Revenues increased significantly, reflecting both the contribution from acquisitions completed during the prior year and organic growth. ↗
What is happening
Restore: Buyback programme and special dividend – proposed. ['proposed']
- In short
- A £20m buyback was announced with the FY25 results and launched in March 2026. By the H1 results £4.6m had been purchased, and leverage fell to 1.7x within the 1.5x-2.0x target range, so the programme is being funded alongside acquisitions.
- Announced
- 12 Mar 2026 · announced
- Latest
- 12 May 2026 · announced
- Size
- £20m share buyback programme
- Done so far
- £4.6m purchased in H1 2026
- Leverage
- 1.7x at 30 June 2026, target range 1.5x-2.0x
What comes next
continued purchases under the £20m programme.
From the company's own announcements. Not investment advice.
Briefing
Restore in 4 minutes
Restore plc, listed on AIM, stores and scans documents, shreds paper, sends NHS appointment letters and recycles IT equipment for UK businesses and public bodies. After a profit slump in 2023, new management cut...
- Act 12023: revenue held, profit fell
- Act 22024: repairing margins from the inside
- Act 32025: buying growth, selling Harrow Green
Also at Restore 0 open
Upgrade / downgrade cycleProfit upgrade – guidance raised · third in 12 months · closed
Insider conviction2 directors buying – £80k in 2 buys · closed
Disposal of a part (break-up)Harrow Green disposal – Completed; sold to Pickfords for £5.5m · closed
Insider conviction2 directors buying – £81k in 2 buys · closed
Upgrade / downgrade cycleResults ahead of expectations – ahead of expectations · closed
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