ScS Group PLC Director/PDMR Shareholding (8456W)
February 14 2017 - 6:35AM
UK Regulatory
TIDMSCS
RNS Number : 8456W
ScS Group PLC
14 February 2017
For Immediate Release 14 February 2017
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 13 February 2017, Gary
Kemp, Logistics Director, and Rachel Kemp, a person closely
associated with Gary Kemp, each sold 6,000 ordinary shares of
GBP0.001 each in the Company ("Ordinary Shares") at a price of
162.5p per Ordinary Share.
Following the sale, Gary Kemp and persons closely associated
with him are interested in 245,277 Ordinary Shares, representing
approximately 0.6 per cent. of the issued share capital of the
Company.
Enquiries:
Buchanan Tel: +44 (0)20
7466 5000
Richard Oldworth / Jane Glover scs@buchanan.uk.com
/ Madeleine Seacombe
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 100
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: Gary Kemp
--- -------------------------------------------------------------
2. Reason for the notification
--- -------------------------------------------------------------
a) Position/Status: PDMR
--- -------------------------------------------------------------
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: Sale of shares
--- -------------------------------------------------------------
c) Price(s) and volume(s): Date Price(s) Volume(s)
------------- --------- ----------
13 February
2017 162.50p 6,000
------------- --------- ----------
--- -------------------------------------------------------------
d) Aggregated information: Aggregate (volume Aggregate Volume
weighted) Price
------------------ -----------------
N/A N/A
------------------ -----------------
--- -------------------------------------------------------------
e) Date of the transaction: 13 February 2017
--- -------------------------------------------------------------
f) Place of the transaction: London Stock Exchange
--- -------------------------------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------
a) Name: Rachel Kemp
--- -------------------------------------------------------------
2. Reason for the notification
--- -------------------------------------------------------------
a) Position/Status: Person closely associated
with a PDMR
--- -------------------------------------------------------------
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: Sale of shares
--- -------------------------------------------------------------
c) Price(s) and volume(s): Date Price(s) Volume(s)
------------- --------- ----------
13 February
2017 162.50p 6,000
------------- --------- ----------
--- -------------------------------------------------------------
d) Aggregated information: Aggregate (volume Aggregate Volume
weighted) Price
------------------ -----------------
N/A N/A
------------------ -----------------
--- -------------------------------------------------------------
e) Date of the transaction: 13 February 2017
--- -------------------------------------------------------------
f) Place of the transaction: London Stock Exchange
--- -------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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