Safestyle UK PLC HSE Court Case Update (4693K)
April 10 2018 - 9:20AM
UK Regulatory
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
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