REG - Crest Nicholson Hdgs - Building Safety Pledge

Crest Nicholson HoldingsAnnouncement

19/04/2022 10:45

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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 £80m to £120m 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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