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9 Dec 2015 14:45
9 December 2015
Sweett Group plc
("Sweett Group", the "Company" or the "Group")
Update
Further to its announcement on 2 December 2015, Sweett Group plc (AIM CSG.L), the international construction and property consultancy, confirms that today the SFO has charged the Company with an offence under section 7 (1) of the UK Bribery Act 2010 (failing to prevent an associated person bribing another to obtain or retain business for the company). As previously disclosed, this is in relation to two related contracts within the Middle East entered into in 2013 and does not attract a mandatory debarment from public sector tendering under EU/UK law.
Douglas McCormick, CEO of Sweett Group said:
"We welcome this development which brings closure on the Middle East legacy issues a step closer allowing the Group to progress unencumbered in the future. This is an important next step in the strategic turnaround of the business."
End
Enquiries
Sweett Group plc Douglas McCormick, Chief Executive Officer Patrick Sinclair, Chief Financial Officer |
020 7061 9000 |
Westhouse Securities Tom Griffiths | 020 7601 6100 |
Camarco Billy Clegg Georgia Mann |
020 3757 4980
|
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