REG - ScS Group plc - Transaction in Own Shares

SCSAnnouncement

16/06/2022 13:30

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RNS Number : 1804P  ScS Group PLC  16 June 2022

 For Immediate Release  16 June 2022

 

ScS Group plc

("ScS", or the "Group")

Transaction in Own Shares

ScS, one of the UK's largest retailers of upholstered furniture and flooring,
announces that the Group has purchased ordinary shares of 0.1 pence each in
its issued share capital as follows:

 (1) Date of purchase:               16 June 2022
 (2) Number of shares purchased:     18,733
 (3) Average price per share:        168.94 pence
 (4) Highest price per share:        168.94 pence
 (5) Lowest price per share:         168.94 pence
 (6) Treatment of purchased shares:  Cancellation

 

Following cancellation, the Group's issued share capital will be 37,095,887
ordinary shares, each with one voting right.

The total number of voting rights in the Group will therefore be 36,843,156
(which excludes ordinary shares held by the Group in treasury for the benefit
of its Employee Benefit Trust). This figure may be used by shareholders as the
denominator for the calculation by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
Group under the FCA's Disclosure and Transparency Rules.

The transaction is in accordance with the Group's buyback programme (the
"Programme") announced on 22 March 2022.

In accordance with Article 5(1)(b) of the Market Abuse Regulation 596/2014/EU
incorporated into UK domestic law by the European Union (Withdrawal) Act 2018,
the table below contains detailed information of the individual trades made by
Shore Capital as part of the Programme.

 

Schedule of Purchases - Individual Transactions

 

 Number of shares purchased  Transaction price (pence per share)  Time of transaction
 18,733                      168.94                               12:05

 

Enquiries:

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

 Steve Carson, Chief Executive Officer

 Chris Muir, Chief Financial Officer
 Buchanan                                Tel: +44 (0)20 7466 5000

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

 Verity Parker
 Shore Capital                           Tel: +44 (0)20 7408 4050

 Patrick Castle

 James Thomas

 Iain Sexton

 

ScS is one of the UK's largest retailers of upholstered furniture and
flooring, 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 is currently traded from 98 stores.

 

The Group'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 and a range of branded products which are
sold under registered trademarks owned by ScS (such as Endurance, Inspire and
SiSi Italia). The Group also offers a range of third party brands (which
include La-Z-Boy and G Plan). The Group's flooring business includes carpets,
as well as laminate and vinyl flooring.

 

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