Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Purchase of Shares by Employee Benefit Trust

14th Oct 2019 07:00

RNS Number : 7011P
ScS Group PLC
14 October 2019
 

 

 

 

14 October 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 10 October 2019, the Trust purchased 52,513 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 264,231 Ordinary Shares representing c.0.66% 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

Tilly Abraham

 

Tel: +44 (0)20 7466 5000

[email protected]

Shore Capital

Patrick Castle

James Thomas

Sarah Mather

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 [email protected] or visit www.rns.com.
 
END
 
 
MSCKMMMGLFDGLZM

Related Shares:

SCS.L
FTSE 100 Latest
Value8,275.66
Change0.00