Sweett Group PLC RICS Hearing (7163H)

TIDMCSG

RNS Number : 7163H

Sweett Group PLC

19 August 2016

19 August 2016

Sweett Group plc

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

Royal Institute of Chartered Surveyors Hearing

Sweett Group plc (AIM CSG.L), the construction and property consultancy, announces the outcome of a disciplinary panel held by the Royal Institute of Chartered Surveyors ("RICS") on 17 August 2016.

The panel found that Sweett Group "did not at all times act with integrity and/or avoid any actions or situations that were inconsistent with its professional obligations in that on 18 December 2015 it was convicted of an offence under the Bribery Act 2010 in respect of a failure to prevent an associate from bribing another person with the intention of retaining business for the firm".

The panel imposed a fine of GBP125,000, ordered to pay costs of GBP4,590 and is subject to some ongoing reporting obligations. The Group is currently considering whether to appeal.

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Enquiries

 
 Sweett Group plc 
  Douglas McCormick, Chief Executive 
  Officer 
  Patrick Sinclair, Chief Financial 
  Officer                                 020 7061 9000 
 Stockdale Securities 
  Tom Griffiths                         020 7601 6100 
 Camarco 
  Billy Clegg 
  Georgia Mann                            020 3757 4980 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 19, 2016 11:13 ET (15:13 GMT)