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RNS Number : 4591L

ScS Group PLC

13 January 2021

 
   13 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 8 January 2021, the Trust purchased 135,000 Ordinary Shares at a price of 204.8 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 277,275 Ordinary Shares representing c.0.7% 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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January 13, 2021 02:00 ET (07:00 GMT)

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