19 Oct 2018 07:00
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 |
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Rob Neale, Chief Financial Officer |
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Zeus Capital (Nominated Adviser & Joint Broker) | Tel: 0203 829 5000 |
Nick How / Dominic King |
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Liberum Capital Limited (Joint Broker) | Tel: 0203 100 2100 |
Neil Patel / Jamie Richards |
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FTI Consulting (Financial PR) | Tel: 0203 727 1000 |
Alex Beagley / James Styles / Laura Saraby |
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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.