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

Director's Dealing Oct 28, 2016

4925_dirs_2016-10-28_c8e84278-1b44-436d-ba4c-574b7564fd48.html

Director's Dealing

Open in Viewer

Opens in native device viewer

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 7872N

ScS Group PLC

28 October 2016

For Immediate Release 28 October 2016

ScS Group plc

("ScS" or the "Company")

Director/PDMR Shareholding

ScS, one of the UK's largest retailers of upholstered furniture and floorings, has been notified that on 28 October 2016, Kevin Royal, Managing Director, transferred 350,000 ordinary shares of £0.001 each in the Company ("Ordinary Shares"), by way of a gift for nil consideration to his wife, Dorothy Susan Royal (the "Transfer").

Following the Transfer, Kevin Royal and persons closely associated with him continue to be interested in 399,309 Ordinary Shares, representing approximately 1.00 per cent. of the issued share capital of the Company.

Enquiries:
Buchanan Tel: +44 (0)20 7466 5000
Richard Oldworth / Jane Glover / Madeleine Seacombe [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.

The notification below is provided in accordance with the requirements of the EU Market Abuse Regulations.

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Kevin Royal

2.

Reason for the notification

a)

Position/Status:  Managing Director

b)

Initial notification/Amendment: Initial notification

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: Ordinary shares of 0.1p Identification code: GB00BRF0TJ56

b)

Nature of the transaction: Transfer of shares by way of gift

c)

Price(s) and volume(s):

Price(s) Volume(s)
£Nil 350,000

d)

Aggregated information: N/A

e)

Date of the transaction: 28 October 2016

f)

Place of the transaction: Outside of a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHEASEPAFSKFFF

Talk to a Data Expert

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