AUTHORITIES TO TAKE NO FURTHER ACTION RE BBC ALLEG
FOR IMMEDIATE RELEASE 20 November 2002
CHEMRING GROUP PLC
POLICE AND CUSTOMS & EXCISE TO TAKE NO FURTHER ACTION OVER BBC LANDMINE
ALLEGATIONS
The Derbyshire Constabulary, the Crown Prosecution Service and HM Customs &
Excise have confirmed that, following a full investigation, there are no
grounds for taking any further action regarding the BBC allegations that PW
Defence Ltd, a subsidiary of Chemring Group PLC ('Chemring'), was in breach of
the Landmines Act 1998. The authorities made a particular point of thanking
Chemring and PW Defence Ltd for their co-operation in the enquiry.
'The original allegations were without foundation. We have never manufactured
or sold products for use as landmines,' said David Evans, CEO of Chemring. 'We
told the BBC this at the time but they still proceeded with the broadcast. As a
result, a great deal of public and private money has been wasted in this
pointless investigation and damage has been done to our reputation and our
business. Now that Chemring has been exonerated as a result of the Police and
Customs & Excise enquiry, we hope the BBC will set the record straight and
ensure their allegations are not repeated. We are in discussions with our
lawyers about the damage that these unfounded allegations have already caused.'
Chemring is an international leader in defensive countermeasures, signalling
and training pyrotechnics, marine safety products, and aerospace
interconnection solutions.
For further information:
David Evans Chief Executive, Chemring Group PLC 01489 881880
Jonathan Rooper CardewChancery 0207 930 0777
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.