ScS Group PLC Purchase of Shares by Employee Benefit Trust (8994O)
May 22 2018 - 7:45AM
UK Regulatory
TIDMSCS
RNS Number : 8994O
ScS Group PLC
22 May 2018
22 May 2018
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 that on 20 April 2018, the Group's Employee
Benefit Trust (the "Trust") purchased 19,861 ordinary shares of 0.1
pence each in the Company ("Ordinary Shares") at a price of 210
pence per Ordinary Share (the "Purchase").
The purpose of the Trust is to hold Ordinary Shares in trust in
connection with the Group's share incentive schemes. This purchase
is to satisfy awards at the time of the IPO, which vested on 21
January 2018. 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.
The Trust holds 125,573 Ordinary Shares representing 0.3% of the
Group's current issued share capital.
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 5000
Madeleine Seacombe scs@buchanan.uk.com
Shore Capital Tel: +44 (0)207 408
Patrick Castle 4050
Dru Danford
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END
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