Comment re: trade speculation

RNS Number : 5788E

Safestyle UK PLC

19 October 2018

 

19 October 2018

Safestyle UK plc

Comment re: trade speculation

The Board of Safestyle UK plc ("Safestyle") has become aware of certain rumours in the market and confirms that it is not in discussions to acquire NIAMAC Developments Ltd (trading as SafeGlaze UK) ("NIAMAC") nor to acquire its business or assets.  The Board of Safestyle is however considering certain other arrangements with key stakeholders in NIAMAC that could benefit Safestyle's business and accelerate its recovery.  

There can be no certainty that any formal arrangement will be entered into.  A further announcement will be made in due course, as appropriate.

Enquiries:

Safestyle UK plc	via FTI Consulting
Mike Gallacher, Chief Executive Officer
Rob Neale, Chief Financial Officer
Zeus Capital (Nominated Adviser & Joint Broker)	Tel: [phone]
Nick How / Dominic King
Liberum Capital Limited (Joint Broker)	Tel: [phone]
Neil Patel / Jamie Richards
FTI Consulting (Financial PR)	Tel: [phone]
Alex Beagley / James Styles / 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.

 

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