Restore : 22/8/2016 Result of General Meeting (Read More)

22 August 2016

Restore PLC

Result of General Meeting

Restore plc ('Restore' or the 'Company') confirms that, at the General Meeting held today, all resolutions proposed were duly passed.

Accordingly, further to the announcement of 20 July 2016, the Company confirms, subject to among other matters admission becoming effective, it will on 26 August 2016 issue and allot 12,143,632 new ordinary shares of 5 pence each ('New Ordinary Shares') at 290 pence per share. This represents approximately 10.8 per cent of the enlarged share capital, raising £35,216,532.80 (before expenses) for the Company to fund the acquisition of PHS Data Solutions, the costs associated with the acquisition and the ongoing working capital requirements of the enlarged group.

An application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM.

Subject to any outstanding conditions having been met, trading in the New Ordinary Shares is expected to commence at 8.00 a.m. on 26 August 2016.

Following admission of the New Ordinary Shares, the Company's issued share capital carrying voting rights will be 112,052,458.

Further details of the acquisition and the placing can be found in the announcement of 20 July 2016 and the circular posted to shareholders on 22 July 2016.

This is available to download at http://www.restoreplc.com/shareholder_documents.aspx

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