Safestyle UK PLC Settlement of Litigation (4918Z)
03 September 2018 - 4:00PM
UK Regulatory
TIDMSFE
RNS Number : 4918Z
Safestyle UK PLC
03 September 2018
3 September 2018
Safestyle UK plc
Settlement of Litigation
Safestyle UK PLC ("Safestyle UK" or the "Company") today
announces the settlement of its claims against NIAMAC Developments
Ltd (trading as SafeGlaze UK) for alleged trade mark infringement,
passing off, misuse of confidential information, malicious
falsehood and various other matters. As a result of interim
applications to the court, a series of injunctions were put in
place in May and in July.
In the settlement, NIAMAC has agreed that the existing court
injunctions will be replaced by appropriate undertakings to the
court. The settlement ensures that there will be no misuse of
confidential information or misleading statements to customers. The
settlement governs future relations between Safestyle UK and NIAMAC
to prevent the possibility of any acts of intimidation or
harassment of Safestyle UK representatives. In addition, SafeGlaze
UK has agreed to change trading name and rebrand fully within an
agreed period of time.
Further details of the settlement will remain confidential.
The Board of Safestyle is pleased that the Company has reached a
settlement with NIAMAC. Safestyle UK remains the UK's leading
window company and the management team looks forward to refocusing
its efforts with this case now successfully concluded and behind
them.
Safestyle UK PLC will announce its Interim Results on 20
September 2018.
Enquiries:
Safestyle UK plc via FTI Consulting
Mike Gallacher, Chief Executive Officer
Rob Neale, Chief Financial Officer
Zeus Capital (Nominated Adviser & Joint Tel: 0203 829 5000
Broker)
Nick How / Dominic King / Richard Short
Liberum Capital Limited (Joint Broker) Tel: 0203 100 2100
Neil Patel / Jamie Richards
FTI Consulting (Financial PR) Tel: 0203 727 1000
Alex Beagley / James Styles / Laura Saraby
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.
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contact rns@lseg.com or visit www.rns.com.
END
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