Building Safety Pledge

RNS Number : 5899I
Crest Nicholson Holdings PLC
19 April 2022
 

Crest Nicholson Holdings plc

 (the 'Group' or 'Crest Nicholson')

 

BUILDING SAFETY PLEDGE

 

Following the Group's announcement on 5 April 2022 of its intention to sign the Building Safety Pledge (the "Pledge"), Crest Nicholson Holdings plc today announces it has signed the Pledge without requiring further regulatory approval.

As stated in the announcement of 5 April 2022, the Board considers that an exceptional charge in the range of £80m to £120m currently represents its best estimate of the further liability that will arise by signing the Pledge.

The Group looks forward to providing an update on progress against its strategy at the half year results announcement on 14 June 2022.

 

For further information, please contact:

Crest Nicholson


Jenny Matthews, Head of Investor Relations

+44 (0) 7557 842720

Tulchan Communications


James Macey White / Giles Kernick

 

+44 (0) 20 7353 4200

 

 

19 April 2022

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