ScS Group PLC Purchase of Shares by Employee Benefit Trust (9285K)
September 02 2019 - 8:59AM
UK Regulatory
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 +44 (0)20 7466
David Knight, Chief Executive Officer 5000
Chris Muir, Chief Financial Officer
Buchanan Tel: +44 (0)20 7466 5000
Richard Oldworth scs@buchanan.uk.com
Tilly Abraham
Shore Capital Tel: +44 (0)207 408 4050
Patrick Castle
Dru Danford
James Thomas
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END
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