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REG - ScS Group plc - Director/PDMR Shareholding




 



RNS Number : 7066T
ScS Group PLC
26 March 2021
 

For Immediate Release                

26 March 2021

 

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 25 March 2021, Gary Kemp, Logistics Director, exercised 19,861 share options. The exercise price of the options is 175p. Gary Kemp then sold 19,861 ordinary shares of £0.001 each in the Company ("Ordinary Shares"), at an average price of 238p per Ordinary Share.

The options are being satisfied with shares held in the Group's Employee Benefit Trust.

Following the sale, Gary Kemp and persons closely associated with him are interested in 120,277 Ordinary Shares, representing approximately 0.3 per cent. of the issued share capital of the Company.

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

Tilly Abraham

Charlotte Slater

 

Tel: +44 (0)20 7466 5000

scs@buchanan.uk.com

Shore Capital

Patrick Castle

James Thomas

Sarah Mather

 

Tel: +44 (0)207 408 4050

 

 

 

 

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

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Gary Kemp

2.

Reason for the notification

a)

Position/Status:  PDMR

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:  213800LOXNVJIB4C7B98

 

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:

(i) Exercise of share options

(ii) Sale of shares following the exercise of share options

c)

Price(s) and volume(s):

Date

Price(s)

Volume(s)

25 March 2021

175p

19,861

25 March 2021

238p

19,861

 

 

 

d)

Aggregated information:

Aggregate (volume weighted) Price

Aggregate Volume

n/a


e)

Date of the transaction: 25 March 2021

f)

Place of the transaction: London Stock Exchange

 

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END
 
 
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