17 Oct 2016 17:30
17 October 2016
ScS Group plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations
ScS Group plc (the "Company") announces that on 17 October 2016 (the "Award Date") it granted nil-cost options (the "Awards") over ordinary shares of 0.1 pence in the Company (the "Shares") to six PDMRs under the ScS Group plc Long-Term Incentive Plan, details of which are set out below:
Name | Number of Shares under Award |
David Knight | 173,026 |
Chris Muir | 135,707 |
Kevin Royal | 59,372 |
Marie Liston | 42,408 |
Gary Kemp | 35,340 |
Elaine Ray | 28,272 |
No payment was required for the grant of the Awards.
The Awards will ordinarily become exercisable on the third anniversary of the date of grant and remain exercisable up to and including the tenth anniversary of the date of grant, subject to the grantee's continued service and to the extent that the performance target applicable to the Awards has been met. Details of the performance target will be set out in the 2016 Annual Report.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Knight | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
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 Identification code | Ordinary Shares of 0.1 pence each in ScS Group plc GB00BRF0TJ56 | ||||
b) | Nature of the transaction | Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 17 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Chris Muir | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
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 Identification code | Ordinary Shares of 0.1 pence each in ScS Group plc GB00BRF0TJ56 | ||||
b) | Nature of the transaction | Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 17 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Kevin Royal | ||||
2 | Reason for Notification | |||||
a) | Position/status | Managing Director | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
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 Identification code | Ordinary Shares of 0.1 pence each in ScS Group plc GB00BRF0TJ56 | ||||
b) | Nature of the transaction | Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 17 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Marie Liston | ||||
2 | Reason for Notification | |||||
a) | Position/status | Corporate Services Director | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
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 Identification code | Ordinary Shares of 0.1 pence each in ScS Group plc GB00BRF0TJ56 | ||||
b) | Nature of the transaction | Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 17 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Gary Kemp | ||||
2 | Reason for Notification | |||||
a) | Position/status | Logistics Director | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
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 Identification code | Ordinary Shares of 0.1 pence each in ScS Group plc GB00BRF0TJ56 | ||||
b) | Nature of the transaction | Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 17 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Elaine Ray | ||||
2 | Reason for Notification | |||||
a) | Position/status | Business Development Director | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
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 Identification code | Ordinary Shares of 0.1 pence each in ScS Group plc GB00BRF0TJ56 | ||||
b) | Nature of the transaction | Grant of a nil cost option award under the ScS Group plc Long-Term Incentive Plan. The award will ordinarily become exercisable for seven years as from the third anniversary of grant subject to continued service and to the extent to which the performance targets are met. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 17 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 / Jane Glover/ Madeleine Seacombe | 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.
The Company'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 (such as the Lotti, the Danni and the Zamba) and a range of branded products which are sold under registered trademarks owned by ScS (such as Endurance and SiSi Italia). The Group also offers a range of third party brands (which include La-Z-Boy, G Plan and Parker Knoll). The Company's flooring business includes carpets, as well as laminate and vinyl flooring.
In 2014 ScS began to operate the furniture and carpet concession ranges for the House of Fraser "For Living" brand. ScS currently operates in 28 House of Fraser stores across the UK.