Suspension and cancellation of admission to trading and listing of ScS Shares

On 24 October 2023, the boards of Cerezzola Limited ("BidCo"), a newly incorporated wholly-owned subsidiary of Poltronesofà S.p.A ("Poltronesofà"), and ScS Group Plc ("ScS") announced that they had reached agreement on the terms of a recommended cash offer by BidCo to acquire the entire issued and to be issued ordinary share capital of ScS (the "Acquisition"). The shareholders’ meetings to vote on the scheme were held on 21 December 2023 and the scheme was approved. A court hearing to sanction the scheme was held on 26 January 2024. Subsequently ScS Shares were cancelled from admission to trading on London Stock Exchange on 31 January 2024.

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