Crest Nicholson Holdings PLC Building Safety Pledge (5899I)
19 April 2022 - 7:33PM
UK Regulatory
TIDMCRST
RNS Number : 5899I
Crest Nicholson Holdings PLC
19 April 2022
Crest Nicholson Holdings plc
(the 'Group' or 'Crest Nicholson')
BUILDING SAFETY PLEDGE
Following the Group's announcement on 5 April 2022 of its
intention to sign the Building Safety Pledge (the "Pledge"), Crest
Nicholson Holdings plc today announces it has signed the Pledge
without requiring further regulatory approval.
As stated in the announcement of 5 April 2022, the Board
considers that an exceptional charge in the range of GBP80m to
GBP120m currently represents its best estimate of the further
liability that will arise by signing the Pledge.
The Group looks forward to providing an update on progress
against its strategy at the half year results announcement on 14
June 2022.
For further information, please contact:
Crest Nicholson
Jenny Matthews, Head of Investor
Relations +44 (0) 7557 842720
Tulchan Communications
James Macey White / Giles Kernick +44 (0) 20 7353 4200
19 April 2022
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