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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Safestyle Uk Plc | LSE:SFE | London | Ordinary Share | JE00BGP63272 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.32 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Manufacturing Industries,nec | 154.32M | -6.51M | -0.0469 | -0.07 | 444.37k |
From Apr 2019 to Apr 2024
TIDMSFE
RNS Number : 4693K
Safestyle UK PLC
10 April 2018
10 April 2018
Safestyle UK plc
("Safestyle" or the "Group")
HSE Court Case Update
Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, today provides an update on its Health & Safety Executive ("HSE") investigation.
As announced in the Group's Final Results on 22 March 2018, Safestyle had two incidents in 2017 involving installations at height which led to reportable injuries. The HSE has carried out investigations into both of these cases, with Safestyle's fullest co-operation. Whilst it continues to investigate one of the incidents, the HSE advised the Group that it intended to prosecute Safestyle in relation to the other accident, in which a contractor suffered a knee injury.
Following a court case today, Safestyle has been fined GBP850,000 for this incident. The HSE had previously indicated, as reported, that the range of the fine could be GBP550,000 to GBP2.9m for this incident. The fine has been reduced in light of the guilty plea entered and the Company's full co-operation with the HSE. The Company will pay the fine in the next two weeks from existing cash resources.
The Group will provide an update on the other case that is currently under investigation as and when appropriate.
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Enquiries:
Safestyle UK plc via FTI Consulting Steve Birmingham, Chief Executive Officer Mike Robinson, Chief Financial Officer Zeus Capital (Nominated Adviser Tel: 0203 829 & Joint Broker) 5000 Nick How / Dominic King Liberum Capital Limited (Joint Tel: 0203 100 Broker) 2100 Neil Patel / Jamie Richards FTI Consulting (Financial PR) Tel: 0203 727 Alex Beagley / James Styles 1000 / Laura Saraby
About Safestyle UK plc
The Group is the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market. For more information please visit www.safestyleukplc.co.uk or www.safestyle-windows.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCMMGMDDGRGRZM
(END) Dow Jones Newswires
April 10, 2018 10:20 ET (14:20 GMT)
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