20 February 2017

Restore PLC

Acquisition of The ITAD Works Limited

Restore plc ('Restore') today announces the acquisition of The ITAD Works Limited ('ITAD Works'), a Surrey-based provider of IT asset recovery and recycling services.

ITAD Works was founded in 2002. For the 12 months ending 30 September 2016, it generated revenues of £3.5 million based on unaudited management accounts. The acquisition was funded from Restore's existing bank facilities.

Charles Skinner, Chief Executive of Restore, commented:

'ITAD Works fits well alongside IT Efficient, our existing IT recycling business, and will significantly expand our presence in this growing market.'

For further information please contact:

Restore plc

Charles Skinner, Chief Executive

07966 234 075

Adam Councell, Group Finance Director

07860 402 434

Cenkos Securities

020 7397 8900

Nicholas Wells

Elizabeth Bowman

FTI Consulting

020 3727 1340

Nick Hasell

Alex Le May

Restore plc published this content on 20 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 February 2017 07:06:01 UTC.

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