ScS Group
plc
("ScS" the "Group" or the
"Company")
Rule 2.9 Announcement and
Total Voting Rights
Rule
2.9 Announcement
Further to the announcement on 26
January 2024 and following the admission today of 1,493,731 new ScS
Shares to satisfy the exercise of options
and/or vesting of the Awards granted under the ScS Share Schemes
(which took effect on 26 January 2024), the Company announces that
in accordance with Rule 2.9 of the Code, ScS confirms that, as at
today's date it has 35,448,405 ScS Shares in issue. The
International Securities Identification Number (ISIN) for ScS
Shares is GB00BRF0TJ56. This figure may be used by ScS Shareholders
as the denominator for the calculation by which they determine if
they are required to make a disclosure pursuant to Rule 8.3 of the
Code.
Total Voting Rights
Following admission of the new ScS
Shares the total voting rights in the Company as at 29 January 2024
is 35,448,405. This figure may be used by shareholders, as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Capitalised terms used in this
announcement shall, unless otherwise defined, have the same
meanings as set out in the circular in relation to the Scheme
published on 29 November 2023.
Enquiries:
ScS
Group plc
Steve Carson, Chief Executive
Officer
Mark Fleetwood, Chief Financial
Officer
Chris Muir, Executive
Director
|
c/o Buchanan +44 (0)20 7466
5000
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Shore Capital - Financial Adviser & Broker to ScS Group
PLC
Patrick Castle
James Thomas
Iain Sexton
Ben Canning
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Tel: +44 (0)207 408 4050
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Buchanan
Richard Oldworth
Toto Berger
Verity Parker
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Tel: +44 (0)20 7466 5000
scs@buchanan.uk.com
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Notes to Editors
ScS is one of the UK's largest
retailers of sofas, flooring and furniture. We trade as two
separate brands: the core ScS brand and the newly acquired Snug
brand.
The ScS brand seeks to offer value
and choice through a wide range of sofas, flooring and furniture
products. The product range is designed to appeal to a broad
customer base with a mid-market priced offering and is currently
traded from 101 stores. The brand specialises primarily in fabric
and leather sofas and chairs, selling a range of branded products
which are not sold under registered trademarks and a range of
branded products which are sold under registered trademarks owned
by ScS (such as Endurance, Inspire and SiSi Italia). It also offers
a range of third party brands (which include La-Z-Boy, Ideal Home
and G Plan). The flooring business includes carpets, rugs, wood,
laminate and luxury vinyl tiling.
Snug is an innovative digital-first
sofa and sofa-bed business specialising in modular and
re-configurable sofas, with quick delivery and excellent quality
and customer service. Although predominantly online, Snug also
operates from three stores with two in London (Westfield and
Islington), one in Leeds and 24 concessions throughout the
UK.