Purchase of Shares by Employee Benefit Trust

RNS Number : 8366J

ScS Group PLC

21 August 2019

 

21 August 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 purchases of ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") by the Group's Employee Benefit Trust (the "Trust").

On 16 August 2019, the Trust purchased 42,000 Ordinary Shares at a price of 231.5 pence per Ordinary Share and on 21 August 2019, the Trust purchased 5,000 Ordinary Shares at a price of 233.0 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 these purchases, the Trust holds 153,718 Ordinary Shares representing c.0.38% 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 [phone]
Buchanan Richard Oldworth Madeleine Seacombe Tilly Abraham	Tel: [phone] [e-mail]
Shore Capital    Patrick Castle    Dru Danford    James Thomas	Tel: [phone]

 

END

 

 

POSPGUBURUPBGQG