29 Jan 2024 09:00
| 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 Steve Carson, Chief Executive Officer Mark Fleetwood, Chief Financial Officer Chris Muir, Executive Director | c/o Buchanan +44 (0)20 7466 5000 |
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Shore Capital - Financial Adviser & Broker to ScS Group PLC Patrick Castle James Thomas Iain Sexton Ben Canning | Tel: +44 (0)207 408 4050 |
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Buchanan Richard Oldworth Toto Berger Verity Parker | Tel: +44 (0)20 7466 5000 scs@buchanan.uk.com |
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.