Remuneration Information • Oct 17, 2016
Remuneration Information
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RNS Number : 7543M
ScS Group PLC
17 October 2016
17 October 2016
ScS Group plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations
ScS Group plc (the "Company") announces that on 17 October 2016 (the "Award Date") it granted nil-cost options (the "Awards") over ordinary shares of 0.1 pence in the Company (the "Shares") to six PDMRs under the ScS Group plc Long-Term Incentive Plan, details of which are set out below:
| Name | Number of Shares under Award |
| David Knight | 173,026 |
| Chris Muir | 135,707 |
| Kevin Royal | 59,372 |
| Marie Liston | 42,408 |
| Gary Kemp | 35,340 |
| Elaine Ray | 28,272 |
No payment was required for the grant of the Awards.
The Awards will ordinarily become exercisable on the third anniversary of the date of grant and remain exercisable up to and including the tenth anniversary of the date of grant, subject to the grantee's continued service and to the extent that the performance target applicable to the Awards has been met. Details of the performance target will be set out in the 2016 Annual Report.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Knight
2
Reason for Notification
a)
Position/status
Chief Executive Officer
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ScS Group plc
b)
LEI
N/A
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 0.1 pence each in ScS Group plc
GB00BRF0TJ56
b)
Nature of the transaction
Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 173,026 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 October 2016
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Chris Muir
2
Reason for Notification
a)
Position/status
Chief Financial Officer
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ScS Group plc
b)
LEI
N/A
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 0.1 pence each in ScS Group plc
GB00BRF0TJ56
b)
Nature of the transaction
Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 135,707 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 October 2016
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Kevin Royal
2
Reason for Notification
a)
Position/status
Managing Director
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ScS Group plc
b)
LEI
N/A
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 0.1 pence each in ScS Group plc
GB00BRF0TJ56
b)
Nature of the transaction
Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 59,372 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 October 2016
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Marie Liston
2
Reason for Notification
a)
Position/status
Corporate Services Director
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ScS Group plc
b)
LEI
N/A
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 0.1 pence each in ScS Group plc
GB00BRF0TJ56
b)
Nature of the transaction
Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 42,408 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 October 2016
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Gary Kemp
2
Reason for Notification
a)
Position/status
Logistics Director
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ScS Group plc
b)
LEI
N/A
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 0.1 pence each in ScS Group plc
GB00BRF0TJ56
b)
Nature of the transaction
Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 35,340 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 October 2016
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Elaine Ray
2
Reason for Notification
a)
Position/status
Business Development Director
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ScS Group plc
b)
LEI
N/A
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 0.1 pence each in ScS Group plc
GB00BRF0TJ56
b)
Nature of the transaction
Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 28,272 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 October 2016
f)
Place of the transaction
Outside a trading venue
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 / Jane Glover/ Madeleine Seacombe |
Tel: +44 (0)20 7466 5000 [email protected] |
Notes to Editors:
ScS is one of the UK's largest retailers of upholstered furniture and floorings, promoting itself as the "Sofa Carpet Specialist" seeking to offer value and choice through a wide range of upholstered furniture and flooring products. The Group's product range is designed to appeal to a broad customer base with a mid-market priced offering and currently trades from 97 stores.
The Company's upholstered furniture business specialises primarily in fabric and leather sofas and chairs. ScS sells a range of branded products which are not sold under registered trademarks (such as the Lotti, the Danni and the Zamba) and a range of branded products which are sold under registered trademarks owned by ScS (such as Endurance and SiSi Italia). The Group also offers a range of third party brands (which include La-Z-Boy, G Plan and Parker Knoll). The Company's flooring business includes carpets, as well as laminate and vinyl flooring.
In 2014 ScS began to operate the furniture and carpet concession ranges for the House of Fraser "For Living" brand. ScS currently operates in 28 House of Fraser stores across the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
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