Purchase of Shares by Employee Benefit Trust

RNS Number : 5085K
ScS Group PLC
05 January 2021
 

 

5 January 2021

 

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 Group ("Ordinary Shares") by the Group's Employee Benefit Trust (the "Trust").

 

On 24 December 2020, the Trust purchased 15,000 Ordinary Shares at a price of 203.5 pence per Ordinary Share.

 

On 31 December 2020, the Trust purchased 5,000 Ordinary Shares at a price of 205.0 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 142,275 Ordinary Shares representing c.0.4% 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

Charlotte Slater

Tel: +44 (0)20 7466 5000

scs@buchanan.uk.com

Shore Capital

Patrick Castle

James Thomas

Tel: +44 (0)20 7408 4050

 

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