REG - ScS Group plc - Rule 2.9 Announcement and Total Voting Rights

SCSAnnouncement

29/01/2024 09:00

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RNS Number : 0952B  ScS Group PLC  29 January 2024

     29 January 2024

ScS Group plc

("ScS" the "Group" or the "Company")

 

Rule 2.9 Announcement and Total Voting Rights

 

 

Rule 2.9 Announcement

 

Further to the announcement on 26 January 2024 and following the admission
today of 1,493,731 new ScS Shares to satisfy the exercise of options and/or
vesting of the Awards granted under the ScS Share Schemes (which took effect
on 26 January 2024), the Company announces that in accordance with Rule 2.9 of
the Code, ScS confirms that, as at today's date it has 35,448,405 ScS Shares
in issue. The International Securities Identification Number (ISIN) for ScS
Shares is GB00BRF0TJ56. This figure may be used by ScS Shareholders as the
denominator for the calculation by which they determine if they are required
to make a disclosure pursuant to Rule 8.3 of the Code.

 

Total Voting Rights

Following admission of the new ScS Shares the total voting rights in the
Company as at 29 January 2024 is 35,448,405. This figure may be used by
shareholders, as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

 

Capitalised terms used in this announcement shall, unless otherwise defined,
have the same meanings as set out in the circular in relation to the Scheme
published on 29 November 2023.

 

Enquiries:

 

 ScS Group plc                                                    c/o Buchanan +44 (0)20 7466 5000

 Steve Carson, Chief Executive Officer

 Mark Fleetwood, Chief Financial Officer

 Chris Muir, Executive Director

 Shore Capital - Financial Adviser & Broker to ScS Group PLC      Tel: +44 (0)207 408 4050

 Patrick Castle

 James Thomas

 Iain Sexton

 Ben Canning

 Buchanan                                                         Tel: +44 (0)20 7466 5000

 Richard Oldworth                                                 scs@buchanan.uk.com (mailto:scs@buchanan.uk.com)

 Toto Berger

 Verity Parker

 

Notes to Editors

ScS is one of the UK's largest retailers of sofas, flooring and furniture. We
trade as two separate brands: the core ScS brand and the newly acquired Snug
brand.

The ScS brand seeks to offer value and choice through a wide range of sofas,
flooring and furniture products. The product range is designed to appeal to a
broad customer base with a mid-market priced offering and is currently traded
from 101 stores. The brand specialises primarily in fabric and leather sofas
and chairs, selling a range of branded products which are not sold under
registered trademarks and a range of branded products which are sold under
registered trademarks owned by ScS (such as Endurance, Inspire and SiSi
Italia). It also offers a range of third party brands (which include La-Z-Boy,
Ideal Home and G Plan). The flooring business includes carpets, rugs, wood,
laminate and luxury vinyl tiling.

Snug is an innovative digital-first sofa and sofa-bed business specialising in
modular and re-configurable sofas, with quick delivery and excellent quality
and customer service. Although predominantly online, Snug also operates from
three stores with two in London (Westfield and Islington), one in Leeds and 24
concessions throughout the UK.

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