Transaction in Own Shares • Oct 25, 2021
Transaction in Own Shares
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RNS Number : 1355Q
ScS Group PLC
25 October 2021
| 25 October 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 22 October 2021, the Trust purchased 50,000 Ordinary Shares at a price of 273.5 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, and the transfer of shares linked to the vesting of the 2019 Long Term Incentive Plan awards separately announced on the 19 October 2021, the Trust will hold 25,504 Ordinary Shares representing c.0.1% of the Group's current issued share capital.
Enquiries:
| ScS Group PLC Steve Carson, Chief Executive Officer Chris Muir, Chief Financial Officer |
c/o Buchanan +44 (0)20 7466 5000 |
| Buchanan Richard Oldworth Victoria Hayns Tilly Abraham |
Tel: +44 (0)20 7466 5000 [email protected] |
| Shore Capital Patrick Castle James Thomas |
Tel: +44 (0)20 7408 4050 |
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