Source - RNS
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 £850,000 for this incident.  The HSE had previously indicated, as reported, that the range of the fine could be £550,000 to £2.9m 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

Steve Birmingham, Chief Executive Officer

Mike Robinson, Chief Financial Officer

 

via FTI Consulting

Zeus Capital (Nominated Adviser & Joint Broker)

Nick How / Dominic King

 

Tel: 0203 829 5000

Liberum Capital Limited (Joint Broker)

Neil Patel / Jamie Richards

 

Tel: 0203 100 2100

FTI Consulting (Financial PR)

Alex Beagley / James Styles / Laura Saraby

 

Tel: 0203 727 1000

 

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
 
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