RNS Number : 0503R
Restore PLC
26 February 2019

26 February 2019

Restore plc

Sale of ITP Group Holdings Limited ("ITP")

Restore plc ("Restore"), the UK office services provider, has sold ITP, its toner cartridge recycling business, to Ink & Toner Recycling Limited ("Ink & Toner"). Restore will receive a 40 per cent stake in Ink & Toner as consideration and will be represented on Ink & Toner's board.


Restore will treat ITP Group , which generated revenues of approximately £4 million and a small operating loss in the year ended 31 December 2018, as a discontinued activity and account for it as a minority interest going forward.


Charles Skinner, Chief Executive of Restore commented:

"The sale of ITP enables us to focus on the core IT hardware lifecycle management activities within our Restore Technology business. The combination of ITP and Ink & Toner creates an enlarged business that is better placed to grow and deliver increased value for Restore."







Restore plc

Charles Skinner, Chief Executive

07966 234075

Adam Councell, Group Finance Director

07860 402 434



Peel Hunt LLP

Guy Wiehahn

020 7418 8900

Mike Bell


Ed Allsopp




FTI Consulting

Nick Hasell

020 3727 1340

Alex Le May



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