ScS Group PLC Purchase of Shares by Employee Benefit Trust (5085K)
05 January 2021 - 6:00PM
UK Regulatory
TIDMSCS
RNS Number : 5085K
ScS Group PLC
05 January 2021
5 January 2021
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 Group ("Ordinary Shares") by the Group's
Employee Benefit Trust (the "Trust").
On 24 December 2020, the Trust purchased 15,000 Ordinary Shares
at a price of 203.5 pence per Ordinary Share.
On 31 December 2020, the Trust purchased 5,000 Ordinary Shares
at a price of 205.0 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 142,275 Ordinary Shares
representing c.0.4% of the Group's current issued share
capital.
Enquiries:
ScS Group PLC c/o Buchanan +44 (0)20
David Knight, Chief Executive Officer 7466 5000
Chris Muir, Chief Financial Officer
Buchanan Tel: +44 (0)20 7466 5000
Richard Oldworth scs@buchanan.uk.com
Tilly Abraham
Charlotte Slater
Shore Capital Tel: +44 (0)20 7408 4050
Patrick Castle
James Thomas
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END
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