Source - LSE Regulatory
RNS Number : 7176U
ScS Group PLC
06 December 2021
 

 

6 December 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 3 December 2021, the Trust purchased 105,000 Ordinary Shares at a price of 220.0 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 will hold 130,503 Ordinary Shares representing c.0.3% 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 +44 (0)20 7466 5000

Buchanan

Richard Oldworth

Victoria Hayns

Tilly Abraham

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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