Safestyle UK reaches settlement with Niamac Developments
Source - SMW
Safestyle UK said it had settled its claims against Niamac Developments for alleged trade mark infringement and other alleged law breaches.
Niamac had agreed that existing court injunctions would be replaced by appropriate undertakings to the court.
The settlement ensured that there would be no misuse of confidential information or misleading statements to customers, Safestyle said.
It also governed future relations between Safestyle UK and Niamac to prevent the possibility of any acts of intimidation or harassment of Safestyle UK representatives.
In addition, SafeGlaze UK had agreed to change its trading name and rebrand fully within an agreed period of time.
Further details of the settlement would remain confidential, Safestyle said.
'The board of Safestyle is pleased that the company has reached a settlement with Niamac,' the company said.
'Safestyle UK remains the UK's leading window company and the management team looks forward to refocusing its efforts with this case now successfully concluded and behind them.'
At 8:16am: (LON:SFE) Safestyle UK PLC share price was +5.85p at 45.85p