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Purchase of Shares by Employee Benefit Trust

21 Aug 2019 17:13

RNS Number : 8366J
ScS Group PLC
21 August 2019
 

 

21 August 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 purchases of ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") by the Group's Employee Benefit Trust (the "Trust").

 

On 16 August 2019, the Trust purchased 42,000 Ordinary Shares at a price of 231.5 pence per Ordinary Share and on 21 August 2019, the Trust purchased 5,000 Ordinary Shares at a price of 233.0 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 these purchases, the Trust holds 153,718 Ordinary Shares representing c.0.38% of the Group's current issued share capital.

 

 

Enquiries:

 

ScS Group PLC

David Knight, Chief Executive Officer

Chris Muir, Chief Financial Officer

 

c/o Buchanan +44 (0)20 7466 5000

Buchanan

Richard Oldworth

Madeleine Seacombe

Tilly Abraham

 

Tel: +44 (0)20 7466 5000

scs@buchanan.uk.com

Shore Capital

Patrick Castle

Dru Danford

James Thomas

 

Tel: +44 (0)207 408 4050

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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