ScS Group PLC Director/PDMR Shareholding (6634N)
October 27 2016 - 11:15AM
UK Regulatory
TIDMSCS
RNS Number : 6634N
ScS Group PLC
27 October 2016
For Immediate Release 27 October 2016
ScS Group plc
("ScS" or the "Company")
Director/PDMR Shareholding
ScS, one of the UK's largest retailers of upholstered furniture
and floorings, has been notified that on 27 October 2016, Marie
Liston, Group Corporate Services Director, transferred 136,128
ordinary shares of GBP0.001 each in the Company, by way of a gift
for nil consideration to her husband, George David Liston (the
"Transfer").
Following the Transfer, Marie Liston and person closely
associated with her continue to be interested in 272,256 ordinary
shares in the Company, representing 0.68 per cent of the issued
share capital of the Company.
Enquiries:
Buchanan Tel: +44 (0)20 7466 5000
Richard Oldworth / Jane scs@buchanan.uk.com
Glover
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.
The notification below is provided in accordance with the
requirements of the EU Market Abuse Regulations.
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------
a) Name: Marie Liston
--- -------------------------------------------------------
2. Reason for the notification
--- -------------------------------------------------------
a) Position/Status: Group Corporate Services
Director
--- -------------------------------------------------------
b) Initial notification/Amendment: Initial notification
--- -------------------------------------------------------
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 the financial instrument, type
of instrument: Ordinary shares of 0.1p Identification
code: GB00BRF0TJ56
--- -------------------------------------------------------
b) Nature of the transaction: Transfer of shares
by way of gift
--- -------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---------- ----------
GBPNil 136,128
---------- ----------
--- -------------------------------------------------------
d) Aggregated information: N/A
--- -------------------------------------------------------
e) Date of the transaction: 27 October 2016
--- -------------------------------------------------------
f) Place of the transaction: Outside of a trading
venue
--- -------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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