AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

SCS GROUP PLC

Transaction in Own Shares Oct 25, 2021

4925_rns_2021-10-25_ed2e7b59-6d12-4ca1-ab60-6cf2000cb173.html

Transaction in Own Shares

Open in Viewer

Opens in native device viewer

National Storage Mechanism | Additional information

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

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCZZMZGLKGGMZG

Talk to a Data Expert

Have a question? We'll get back to you promptly.