11 Jul 2019 07:00
11 July 2019
LEI No. 213800QIPVTK5ES5UU36
Scapa Group plc ("the Company")
Scapa commences legal action against ConvaTec
Further to the announcement made on 3 June 2019, Scapa Group plc (AIM: SCPA) announces that on 10 July, Scapa Tapes North America LLC. ("Scapa Tapes"), a US subsidiary of Scapa Group plc, filed a complaint against ConvaTec Inc. ("ConvaTec"), for breach of contract with regard to a Master Supply Agreement (MSA) between those respective parties, in which Scapa Tapes is claiming damages in excess of $83.81m and a declaratory judgement.
In addition, Scapa Group plc and Scapa Tapes have filed a motion to dismiss the complaint filed by ConvaTec with regard to the MSA between ConvaTec and Scapa Tapes.
The complaint is available for public review on http://civilinquiry.jud.ct.gov/CaseDetail/PublicCaseDetail.aspx?DocketNo=HHDCV196114103S; and the motion to dismiss is available for public review on https://ecf.njd.uscourts.gov/cgi-bin/login.pl.
For further information:
Scapa Group plc Heejae Chae - Group Chief Executive Oskar Zahn - Chief Finance Officer
| 0161 301 7430 |
Numis Securities Limited (Nominated Adviser and Joint Broker) Richard Thomas/Mark Lander
| 020 7260 1000
|
Berenberg (Joint Broker) Chris Bowman / Toby Flaux
| 020 3207 7800
|
FTI Consulting (Media Relations) Brett Pollard Victoria Foster Mitchell | 020 3727 1000 |
About Scapa Group plc
Scapa Group plc is a diversified Healthcare and Industrial company focused on bringing best-in-class innovation, design and manufacturing solutions to its customers.
Healthcare
Scapa Healthcare is the trusted strategic partner of choice for the world's leading companies in Advanced Wound Care, Consumer Wellness and Medical Device Fixation. We partner with the top global MedTech companies to develop and manufacture innovative skin friendly medical device fixation and topical solutions, from inception through to market delivery, from our state-of-the-art facilities.
For further information, please visit www.scapahealthcare.com
Industrial
Scapa Industrial is a global supplier of bonding solutions and manufacturer of adhesive-based products which offer meaningful value in industrial applications due to their lightweight, easy-to-apply properties. We are recognised for our unparalleled range of products, including adhesive tapes, films and foams, and we can engineer custom designs for even the most unique applications.
For further information, please visit www.scapaindustrial.com