12 Oct 2017 16:05
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 £550,000 to £2.9 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/ Lucy Sharma / Dominik Götzenberger | Tel: +44 (0) 20 3100 2222 |
Camarco (Media enquiries) | |
Jennifer Renwick / Kimberley Taylor | Tel: +44 (0) 203 757 4994 |