ScS Group PLC Purchase of Shares by Employee Benefit Trust (9285K)

TIDMSCS

RNS Number : 9285K

ScS Group PLC

02 September 2019

 
   2 September 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 purchase of ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") by the Group's Employee Benefit Trust (the "Trust").

On 30 August 2019, the Trust purchased 18,000 Ordinary Shares at a price of 234 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 171,718 Ordinary Shares representing c.0.43% of the Group's current issued share capital.

Enquiries:

 
  ScS Group PLC                             c/o Buchanan [phone] 
   David Knight, Chief Executive Officer     5000 
   Chris Muir, Chief Financial Officer 
  Buchanan                                  Tel: [phone] 
   Richard Oldworth                          [e-mail] 
   Tilly Abraham 
  Shore Capital                             Tel: [phone] 
   Patrick Castle 
   Dru Danford 
   James Thomas 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

MSCUGUMABUPBGPP

(END) Dow Jones Newswires

September 02, 2019 08:59 ET (12:59 GMT)