Accrol Group Holdings PLC Update on Health and Safety incident (4869T)

TIDMACRL

RNS Number : 4869T

Accrol Group Holdings PLC

12 October 2017

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.

Accrol Group Holdings plc

Update on Health and Safety incident

Further to the Trading Update and Temporary Suspension of Trading on AIM announcement made by Accrol Group Holdings plc (the "Company") on 5 October 2017, the Company announces that, at a hearing today, Accrol Papers Limited (a directly owned subsidiary of the Company) pleaded guilty to a single health and safety regulatory offence arising out of an incident whereby an employee sustained a serious injury to the top of his right index finger.

The Health and Safety Executive (HSE) has indicated to the Company that it is seeking a fine in the range of GBP550,000 to GBP2.9 million for this incident. The Court has stated that Accrol Papers Limited will receive maximum credit for its early guilty plea. Consequently, any fine imposed will be subject to a discount of one third. Sentencing is expected on 17 January 2018. An announcement detailing the fine will be made following this hearing.

The Company takes the health and safety of its employees very seriously and has co-operated fully with the HSE and its investigation.

 
 
   For further information please 
   contact: 
 Zeus Capital Limited (Nominated 
  Adviser & Joint Broker) 
 Dan Bate / Andrew Jones                    Tel: +44 (0) 161 831 
                                             1512 
 Dominic King / John Goold                  Tel: +44 (0) 20 3829 
                                             5000 
 
  Liberum Capital Limited (Joint 
  Broker) 
 Clayton Bush / Chris Clarke/               Tel: +44 (0) 20 3100 
  Lucy Sharma / Dominik Götzenberger    2222 
 
  Camarco (Media enquiries) 
 Jennifer Renwick / Kimberley               Tel: +44 (0) 203 757 
  Taylor                                     4994

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRLLFIEIVLFLID

(END) Dow Jones Newswires

October 12, 2017 11:05 ET (15:05 GMT)

Accrol (LSE:ACRL)
Historical Stock Chart
From Apr 2024 to May 2024