Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSFE.L Regulatory News (SFE)

  • There is currently no data for SFE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Update on Legal Claim

17 Jul 2018 07:00

RNS Number : 8108U
Safestyle UK PLC
17 July 2018
 

17 July 2018

Safestyle UK PLC

 

("Safestyle", the "Company" or the "Group")

 

Update on Legal Claim

 

Further to the announcements on 21 May 2018 and 29 May 2018 and following a judgment handed down on 16 July 2018, Safestyle provides an update having issued a claim seeking injunctive relief and damages against NIAMAC Developments Ltd (trading as Safeglaze UK) and a number of named individuals. The claim is made in the Business and Property Courts of England & Wales, on the Intellectual Property list.

 

The claim asks the Court to determine whether Safestyle is entitled to injunctive relief and damages from what the Group considers to be passing off, the misuse of confidential information, unlawful means conspiracy and malicious falsehood.

 

Safestyle also applied for urgent interim relief, pending the trial of this matter. The first hearing of that application took place on 25 May 2018 and the second hearing took place on 9 to 11 July 2018, with judgment being handed down on 16 July 2018.

 

At the first hearing, the Court made a number of Orders against Safeglaze UK and certain named individuals. Those Orders were made on an interim basis, pending further order or final order of the Court. They included a number of injunctive orders preventing Safeglaze UK and certain named individuals from undertaking various actions, and an order requiring them to provide specified documents to Safestyle.

 

At the second hearing, the Company was not successful in securing interim injunctive relief against the use of the Safeglaze UK brand. However, the Court upheld a number of injunctive orders previously made preventing Safeglaze UK and certain named individuals from undertaking various actions. The Court also made an order preventing Safeglaze UK from using Safestyle's name or logo. Those Orders have been made on an interim basis, pending further order or final order of the Court, and the Court ruled that Safestyle will be entitled to seek a proportion of its legal costs in obtaining those orders from Safeglaze UK.

 

The Company will provide further updates on the case as and when appropriate.

 

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.

 

Enquiries:

 

Safestyle UK plc

Mike Gallacher, Chief Executive Officer

Rob Neale, Chief Financial Officer

 

via FTI Consulting

Zeus Capital (Nominated Adviser & Joint Broker)

Nick How / Dominic King / Richard Short

 

Tel: 0203 829 5000

Liberum Capital Limited (Joint Broker)

Neil Patel / Jamie Richards

 

Tel: 0203 100 2100

FTI Consulting (Financial PR)

Alex Beagley / James Styles / Laura Saraby

 

Tel: 0203 727 1000

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCDMGMNGVRGRZZ
Date   Source Headline
21st May 20157:00 amRNSAGM Statement
28th Apr 20157:00 amRNSNotice of AGM
22nd Apr 20155:57 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
13th Apr 20152:53 pmRNSGrant of Options
30th Mar 20157:00 amRNSHolding(s) in Company
26th Mar 20157:00 amRNSFinal Results
26th Jan 20157:00 amRNSYear End Trading Update
13th Jan 20154:45 pmRNSDirector Dealing
16th Dec 20143:00 pmRNSHolding(s) in Company
3rd Dec 201411:14 amRNSDirector/PDMR Shareholding
6th Nov 20145:32 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
18th Sep 20147:00 amRNSInterim results for six months ended 30 June 2014
11th Aug 201411:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
31st Jul 20143:48 pmRNSHolding(s) in Company
17th Jul 20144:00 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
16th Jul 20147:00 amRNSHalf Year Trading Update
22nd May 201412:20 pmRNSResult of AGM
22nd May 20147:00 amRNSAGM Statement
25th Apr 20149:50 amRNSNotice of AGM
9th Apr 20144:30 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
31st Mar 20147:00 amRNSAudited Final Results 2013
20th Mar 20144:31 pmRNSHolding(s) in Company
17th Feb 201411:40 amRNSHolding(s) in Company
27th Jan 20147:00 amRNSYear End Trading Update
21st Jan 201412:45 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
31st Dec 20139:44 amRNSHolding(s) in Company
16th Dec 20135:26 pmRNSHolding(s) in Company
16th Dec 20133:41 pmRNSHolding(s) in Company
16th Dec 20138:54 amRNSHolding(s) in Company
13th Dec 201311:27 amRNSHolding(s) in Company
13th Dec 201311:17 amRNSHolding(s) in Company
12th Dec 20134:58 pmRNSHolding(s) in Company
12th Dec 20133:55 pmRNSHolding(s) in Company
11th Dec 20137:00 amRNSFirst Day of Dealings

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.