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ScS Group plc (SCS)

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Wednesday 09 October, 2019

ScS Group plc

Purchase of Shares by Employee Benefit Trust

RNS Number : 2092P
ScS Group PLC
09 October 2019
 

 

 

 

9 October 2019

 

 

ScS Group plc

("ScS", or the "Group")

Purchase of Shares by the Group's Employee Benefit Trust

 

ScS, one of the UK's largest retailers of upholstered furniture and floorings, confirms the following purchase of ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") by the Group's Employee Benefit Trust (the "Trust").

 

On 4 October 2019, the Trust purchased 40,000 Ordinary Shares at a price of 222 pence per Ordinary Share.

 

The purpose of the Trust is to hold Ordinary Shares in trust in connection with the Group's share incentive schemes. The Trust has waived any dividends which it may be entitled to receive in respect of Ordinary Shares held by it, and has also agreed to waive voting rights to such shares.

 

Following this purchase, the Trust holds 211,718 Ordinary Shares representing c.0.53% of the Group's current issued share capital.

 

Enquiries:

 

ScS Group PLC

David Knight, Chief Executive Officer

Chris Muir, Chief Financial Officer

 

c/o Buchanan +44 (0)20 7466 5000

Buchanan

Richard Oldworth

Tilly Abraham

 

Tel: +44 (0)20 7466 5000

[email protected]

Shore Capital

   Patrick Castle

   James Thomas

Sarah Mather

Tel: +44 (0)207 408 4050

 

 


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