Safestyle UK PLC Update on Legal Claim (8108U)

TIDMSFE

RNS Number : 8108U

Safestyle UK PLC

17 July 2018

17 July 2018

Safestyle UK PLC

("Safestyle", the "Company" or the "Group")

Update on Legal Claim

Further to the announcements on 21 May 2018 and 29 May 2018 and following a judgment handed down on 16 July 2018, Safestyle provides an update having issued a claim seeking injunctive relief and damages against NIAMAC Developments Ltd (trading as Safeglaze UK) and a number of named individuals. The claim is made in the Business and Property Courts of England & Wales, on the Intellectual Property list.

The claim asks the Court to determine whether Safestyle is entitled to injunctive relief and damages from what the Group considers to be passing off, the misuse of confidential information, unlawful means conspiracy and malicious falsehood.

Safestyle also applied for urgent interim relief, pending the trial of this matter. The first hearing of that application took place on 25 May 2018 and the second hearing took place on 9 to 11 July 2018, with judgment being handed down on 16 July 2018.

At the first hearing, the Court made a number of Orders against Safeglaze UK and certain named individuals. Those Orders were made on an interim basis, pending further order or final order of the Court. They included a number of injunctive orders preventing Safeglaze UK and certain named individuals from undertaking various actions, and an order requiring them to provide specified documents to Safestyle.

At the second hearing, the Company was not successful in securing interim injunctive relief against the use of the Safeglaze UK brand. However, the Court upheld a number of injunctive orders previously made preventing Safeglaze UK and certain named individuals from undertaking various actions. The Court also made an order preventing Safeglaze UK from using Safestyle's name or logo. Those Orders have been made on an interim basis, pending further order or final order of the Court, and the Court ruled that Safestyle will be entitled to seek a proportion of its legal costs in obtaining those orders from Safeglaze UK.

The Company will provide further updates on the case 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 
  Mike Gallacher, Chief Executive Officer 
  Rob Neale, Chief Financial Officer 
 Zeus Capital (Nominated Adviser & Joint       Tel: [phone] 
  Broker) 
  Nick How / Dominic King / Richard Short 
 Liberum Capital Limited (Joint Broker)        Tel: [phone] 
  Neil Patel / Jamie Richards 
 FTI Consulting (Financial PR)                 Tel: [phone] 
  Alex Beagley / James Styles / 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

MSCDMGMNGVRGRZZ

(END) Dow Jones Newswires

July 17, 2018 02:00 ET (06:00 GMT)