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 [phone]
Buchanan Richard Oldworth Tilly Abraham Charlotte Slater	Tel: [phone] [e-mail]
Shore Capital Patrick Castle James Thomas	Tel: [phone]

 

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