Restore (RST): Buyback programme
This situation live
RST Restore
12 Mar 2026 · proposed · +3% until the next step
Significantly improved performance; £20m share buyback; FY26 ahead of expectations
16 Mar 2026 · under way · +4% until the next step
Commencement of £20m Share Buyback Programme
12 May 2026 · under way · +15% since
The £20m share buyback programme announced in March 2026 has been launched and is progressing to plan.
Buyback programme
under way
Kindbuyback programme
Amount£20m
Of market value6.1%
As of 12 May 2026 ↗
Since Oct 2023: 126 situations of this kind – paid out 66%, went quiet 34%; median share price +6% six months after they opened
Every step · 3
- 12 Mar 2026 proposed – Significantly improved performance; £20m share buyback; FY26 ahead of expectations ↗
- 16 Mar 2026 under way – Commencement of £20m Share Buyback Programme ↗
- 12 May 2026 under way – The £20m share buyback programme announced in March 2026 has been launched and is progressing to plan. ↗
What is happening
Restore: Buyback programme – under way. ['under way']
- 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 · proposed
- Latest
- 12 May 2026 · under way
- 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
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
From the company's own announcements. Not investment advice.
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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