Purchase of Shares by Employee Benefit Trust

RNS Number : 1355Q

ScS Group PLC

25 October 2021

 

25 October 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 22 October 2021, the Trust purchased 50,000 Ordinary Shares at a price of 273.5 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, and the transfer of shares linked to the vesting of the 2019 Long Term Incentive Plan awards separately announced on the 19 October 2021, the Trust will hold 25,504 Ordinary Shares representing c.0.1% of the Group's current issued share capital.

Enquiries:

ScS Group PLC Steve Carson, Chief Executive Officer Chris Muir, Chief Financial Officer	c/o Buchanan [phone]
Buchanan Richard Oldworth Victoria Hayns Tilly Abraham	Tel: [phone] [e-mail]
Shore Capital Patrick Castle James Thomas	Tel: [phone]

 

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