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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Scs Group Plc | LSE:SCS | London | Ordinary Share | GB00BRF0TJ56 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 270.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMSCS
RNS Number : 7543M
ScS Group PLC
17 October 2016
17 October 2016
ScS Group plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations
ScS Group plc (the "Company") announces that on 17 October 2016 (the "Award Date") it granted nil-cost options (the "Awards") over ordinary shares of 0.1 pence in the Company (the "Shares") to six PDMRs under the ScS Group plc Long-Term Incentive Plan, details of which are set out below:
Hot Features
Premium
Name Number of Shares under
Award
-------------- -----------------------
David Knight 173,026
-------------- -----------------------
Chris Muir 135,707
-------------- -----------------------
Kevin Royal 59,372
-------------- -----------------------
Marie Liston 42,408
-------------- -----------------------
Gary Kemp 35,340
-------------- -----------------------
Elaine Ray 28,272
-------------- -----------------------
No payment was required for the grant of the Awards.
The Awards will ordinarily become exercisable on the third anniversary of the date of grant and remain exercisable up to and including the tenth anniversary of the date of grant, subject to the grantee's continued service and to the extent that the performance target applicable to the Awards has been met. Details of the performance target will be set out in the 2016 Annual Report.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------------
a) Name David Knight
--- ------------------------------- -------------------------------------
2 Reason for Notification
--- ----------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------
a) Name ScS Group plc
--- ------------------------------- -------------------------------------
b) LEI N/A
--- ------------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------------
a) Description of Ordinary Shares of 0.1 pence
the financial instrument, each in ScS Group plc
type of instrument GB00BRF0TJ56
Identification
code
--- ------------------------------- -------------------------------------
b) Nature of the transaction Grant of a nil cost option
award under the ScS Group
plc Long-Term Incentive Plan.
The award will ordinarily
become exercisable for seven
years as from the third anniversary
of grant subject to continued
service and to the extent
to which the performance targets
are met.
--- ------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 173,026
---------- ----------
--- ------------------------------- -------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- -------------------------------------
e) Date of the transaction 17 October 2016
--- ------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------------
a) Name Chris Muir
--- ------------------------------- -------------------------------------
2 Reason for Notification
--- ----------------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------
a) Name ScS Group plc
--- ------------------------------- -------------------------------------
b) LEI N/A
--- ------------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------------
a) Description of Ordinary Shares of 0.1 pence
the financial instrument, each in ScS Group plc
type of instrument GB00BRF0TJ56
Identification
code
--- ------------------------------- -------------------------------------
b) Nature of the transaction Grant of a nil cost option
award under the ScS Group
plc Long-Term Incentive Plan.
The award will ordinarily
become exercisable for seven
years as from the third anniversary
of grant subject to continued
service and to the extent
to which the performance targets
are met.
--- ------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 135,707
---------- ----------
--- ------------------------------- -------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- -------------------------------------
e) Date of the transaction 17 October 2016
--- ------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------------
a) Name Kevin Royal
--- ------------------------------- -------------------------------------
2 Reason for Notification
--- ----------------------------------------------------------------------
a) Position/status Managing Director
--- ------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------
a) Name ScS Group plc
--- ------------------------------- -------------------------------------
b) LEI N/A
--- ------------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------------
a) Description of Ordinary Shares of 0.1 pence
the financial instrument, each in ScS Group plc
type of instrument GB00BRF0TJ56
Identification
code
--- ------------------------------- -------------------------------------
b) Nature of the transaction Grant of a nil cost option
award under the ScS Group
plc Long-Term Incentive Plan.
The award will ordinarily
become exercisable for seven
years as from the third anniversary
of grant subject to continued
service and to the extent
to which the performance targets
are met.
--- ------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 59,372
---------- ----------
--- ------------------------------- -------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- -------------------------------------
e) Date of the transaction 17 October 2016
--- ------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------------
a) Name Marie Liston
--- ------------------------------- -------------------------------------
2 Reason for Notification
--- ----------------------------------------------------------------------
a) Position/status Corporate Services Director
--- ------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------
a) Name ScS Group plc
--- ------------------------------- -------------------------------------
b) LEI N/A
--- ------------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------------
a) Description of Ordinary Shares of 0.1 pence
the financial instrument, each in ScS Group plc
type of instrument GB00BRF0TJ56
Identification
code
--- ------------------------------- -------------------------------------
b) Nature of the transaction Grant of a nil cost option
award under the ScS Group
plc Long-Term Incentive Plan.
The award will ordinarily
become exercisable for seven
years as from the third anniversary
of grant subject to continued
service and to the extent
to which the performance targets
are met.
--- ------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 42,408
---------- ----------
--- ------------------------------- -------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- -------------------------------------
e) Date of the transaction 17 October 2016
--- ------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------------
a) Name Gary Kemp
--- ------------------------------- -------------------------------------
2 Reason for Notification
--- ----------------------------------------------------------------------
a) Position/status Logistics Director
--- ------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------
a) Name ScS Group plc
--- ------------------------------- -------------------------------------
b) LEI N/A
--- ------------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------------
a) Description of Ordinary Shares of 0.1 pence
the financial instrument, each in ScS Group plc
type of instrument GB00BRF0TJ56
Identification
code
--- ------------------------------- -------------------------------------
b) Nature of the transaction Grant of a nil cost option
award under the ScS Group
plc Long-Term Incentive Plan.
The award will ordinarily
become exercisable for seven
years as from the third anniversary
of grant subject to continued
service and to the extent
to which the performance targets
are met.
--- ------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 35,340
---------- ----------
--- ------------------------------- -------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- -------------------------------------
e) Date of the transaction 17 October 2016
--- ------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------------
a) Name Elaine Ray
--- ------------------------------- -------------------------------------
2 Reason for Notification
--- ----------------------------------------------------------------------
a) Position/status Business Development Director
--- ------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------
a) Name ScS Group plc
--- ------------------------------- -------------------------------------
b) LEI N/A
--- ------------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------------
a) Description of Ordinary Shares of 0.1 pence
the financial instrument, each in ScS Group plc
type of instrument GB00BRF0TJ56
Identification
code
--- ------------------------------- -------------------------------------
b) Nature of the transaction Grant of a nil cost option
award under the ScS Group
plc Long-Term Incentive Plan.
The award will ordinarily
become exercisable for seven
years as from the third anniversary
of grant subject to continued
service and to the extent
to which the performance targets
are met.
--- ------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 28,272
---------- ----------
--- ------------------------------- -------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- -------------------------------------
e) Date of the transaction 17 October 2016
--- ------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------------
Enquiries:
ScS Group PLC c/o Buchanan +44 (0)20 David Knight, Chief Executive 7466 5000 Officer Chris Muir, Chief Financial Officer Buchanan Tel: +44 (0)20 7466 Richard Oldworth / Jane Glover/ 5000 Madeleine Seacombe scs@buchanan.uk.com
Notes to Editors:
ScS is one of the UK's largest retailers of upholstered furniture and floorings, promoting itself as the "Sofa Carpet Specialist" seeking to offer value and choice through a wide range of upholstered furniture and flooring products. The Group's product range is designed to appeal to a broad customer base with a mid-market priced offering and currently trades from 97 stores.
The Company's upholstered furniture business specialises primarily in fabric and leather sofas and chairs. ScS sells a range of branded products which are not sold under registered trademarks (such as the Lotti, the Danni and the Zamba) and a range of branded products which are sold under registered trademarks owned by ScS (such as Endurance and SiSi Italia). The Group also offers a range of third party brands (which include La-Z-Boy, G Plan and Parker Knoll). The Company's flooring business includes carpets, as well as laminate and vinyl flooring.
In 2014 ScS began to operate the furniture and carpet concession ranges for the House of Fraser "For Living" brand. ScS currently operates in 28 House of Fraser stores across the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHMRBFTMBBBBLF
(END) Dow Jones Newswires
October 17, 2016 12:30 ET (16:30 GMT)
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