Brief: Poltronesofa And SCS Group Agree 280 Pence Per SCS Share Offer

SCS

24/10/2023 07:41

Oct 24 (Reuters) - Poltronesofa S.p.A.:
    * POLTRONESOFA S.P.A. SCS GROUP PLC  - RECOMMENDED CASH
OFFER
    * POLTRONESOFA - PROPOSED DEAL FOR 280 PENCE FOR EACH SCS
SHARE
    * POLTRONESOFA - TRANSACTION VALUE VALUES SCS'S ENTIRE
ISSUED AND
TO BE ISSUED SHARE CAPITAL AT APPROXIMATELY £99.4 MILLION
    * POLTRONESOFA: SCS DIRECTORS INTEND TO RECOMMEND
UNANIMOUSLY THAT
SCS SHAREHOLDERS VOTE IN FAVOUR OF SCHEME

Source text for Eikon:  ID:nRSX0395Ra 
Further company coverage:  SCSS.L 

 ((Reuters.Briefs@thomsonreuters.com;))