18 Jul 2016 07:00
For Immediate Release | 18 July 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 15 July 2016, Alan Smith, Chairman of the Company, bought 6,667 ordinary shares in the Company at a price of £1.50 per share (the "Transaction").
Following the Transaction Mr. Smith is interested in 18,096 ordinary shares in the Company, representing 0.045 per cent of the issued share capital of the Company.
Enquiries:
Buchanan Richard Oldworth / Jane Glover
| Tel: +44 (0)20 7466 5000 scs@buchanan.uk.com |
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.
In 2014 ScS began to operate the furniture and carpet concession ranges for the House of Fraser "For Living" brand. ScS currently operates in 29 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: Alan Smith | ||||
2. | Reason for the notification | ||||
a) | Position/status: Chairman of the Company | ||||
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: Purchase of shares | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information: n/a (single transaction) | ||||
e) | Date of the transaction: 15 July 2016 | ||||
f) | Place of the transaction: London Stock Exchange (XLON) |