ScS Group PLC Purchase of Shares by Employee Benefit Trust (8366J)
August 21 2019 - 11:13AM
UK Regulatory
TIDMSCS
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 c/o Buchanan +44 (0)20 7466
David Knight, Chief Executive Officer 5000
Chris Muir, Chief Financial Officer
Buchanan Tel: +44 (0)20 7466 5000
Richard Oldworth scs@buchanan.uk.com
Madeleine Seacombe
Tilly Abraham
Shore Capital Tel: +44 (0)207 408 4050
Patrick Castle
Dru Danford
James Thomas
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END
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