REG - Restore PLC - Commencement of £20m Share Buyback Programme

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RNS Number : 6658W  Restore PLC  16 March 2026

16 March 2026

Restore plc
("Restore" or the "Group" or the "Company")

Commencement of £20m Share Buyback Programme

Restore plc (AIM:RST), the UK's leading provider of secure and sustainable
business services for data, information, communications and assets, today
announces the commencement of a share buyback programme to purchase ordinary
shares of 5 pence each in the Company ("Ordinary Shares") for up to £20
million (the "Buyback"), as announced in its full year results published on 12
March 2026.

 

Any ordinary shares purchased by the Company will be cancelled and,
accordingly, the Buyback will reduce the Company's share capital.

 

Restore has instructed Investec Bank plc ("Investec") and Canaccord Genuity
Limited ("Canaccord") to execute the Buyback. Restore has entered into a
non-discretionary and irrevocable instruction with Investec and Canaccord,
pursuant to which Investec will execute the first £10m of the Buyback (the
"First Tranche") and Canaccord will execute the second £10m of the Buyback
(the "Second Tranche"), each acting severally as riskless principal. The First
Tranche will commence immediately. The Second Tranche will commence following
completion of the First Tranche, and it is anticipated it will end no later
than 31 March 2027, subject to market conditions.

 

The maximum number of Ordinary Shares that can be purchased in aggregate under
the First Tranche and Second Tranche is 13,692,406, being the number of shares
the Company is authorised to purchase pursuant to the authority granted by
shareholders at the Company's 2025 annual general meeting (the "2025 AGM") and
any subsequent authority.

 

Investec and Canaccord will make their trading decisions in relation to the
Ordinary Shares independently of, and uninfluenced by, the Company, within the
terms and pre-set parameters of the Buyback.

 

Any purchase of Ordinary Shares under the Buyback will take place in open
market transactions and may be made from time to time depending on market
conditions, share price and trading volumes. The Buyback will be effected
under the general authority to repurchase Ordinary Shares granted by the
Company's shareholders at the 2025 AGM (and subject to renewed authority at
the Company's 12 May 2026 annual general meeting) and in accordance with
Chapter 12 of the UK Financial Conduct Authority's Listing Rules, and
Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) No
2016/1052 (both as they form part of UK domestic law by virtue of the European
Union (Withdrawal) Act 2018), including where relevant pursuant to the UK
Market Abuse Regulation.

 

 For further information please contact:

 Restore plc                                    www.restoreplc.com (http://www.restoreplc.com/)
 Charles Skinner, CEO                           +44 (0) 207 409 2420
 Dan Baker, CFO
 Chris Fussell, Company Secretary

 Investec (Nominated Adviser and Joint Broker)  http://www.investec.com/ (http://www.investec.com/)
 Carlton Nelson                                 +44 (0) 207 597 5970
 James Rudd
 Thomas Brookhouse

 Canaccord Genuity (Joint Broker)               www.canaccordgenuity.com (http://www.canaccordgenuity.com/)
 Max Hartley                                    +44 (0) 207 523 8000
 Alex Aylen

 FTI Consulting (PR Enquiries)                  www.fticonsulting.com/uk (http://www.fticonsulting.com/uk)
 Nick Hasell                                    +44 (0) 203 727 1340
 Alex Le May

 

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