SCS Scs Group Plc

TIDMSCS

RNS Number : 5271S

ScS Group PLC

06 November 2019

 
 
                                                6 November 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 17 October 2019, the Trust purchased 12,500 Ordinary Shares at a price of 235 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 78,118 Ordinary Shares representing c.0.2% of the Group's current issued share capital.

Enquiries:

 
  ScS Group PLC                             c/o Buchanan +44 (0)20 7466 
   David Knight, Chief Executive Officer     5000 
   Chris Muir, Chief Financial Officer 
  Buchanan                                  Tel: +44 (0)20 7466 5000 
   Richard Oldworth                          scs@buchanan.uk.com 
   Tilly Abraham 
  Shore Capital                             Tel: +44 (0)207 408 4050 
   Patrick Castle 
   James Thomas 
   Sarah Mather 
 

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END

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