Safestyle UK PLC HSE Court Case Update (4693K)

TIDMSFE

RNS Number : 4693K

Safestyle UK PLC

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

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