REG - Robinson PLC - Impact of Storm Babet

RobinsonAnnouncement

24/10/2023 14:45

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RNS Number : 1458R  Robinson PLC  24 October 2023

Robinson
plc

24 October 2023

 

Impact of Storm Babet

Robinson plc ("Robinson" the "Company" or the "Group" stock code: RBN), the
custom manufacturer of plastic and paperboard packaging, provides the
following update on the impact of Storm Babet to its premises at Chesterfield.

On 20 October 2023, the river Hipper, which flows by our premises in
Chesterfield, rose to its highest ever known level and flooded through part of
the site. Part of the premises is occupied by the Group, including the
Paperbox manufacturing business and the Group head office; the remainder is
let to tenants. The Paperbox business represented 4% of the Group's revenues
in 2022. The Group's plastics business was unaffected.

The first and main priority was the safety of those working at the site and
the implementation of emergency procedures to mitigate the overall impact. We
are pleased to report that despite some challenging circumstances everyone has
remained safe.

Despite the substantial efforts of our employees, there has been some damage
caused to facilities, materials and equipment and manufacturing operations
have paused. There will be disruption as the site clean-up continues prior to
recommencement of operations.

Our insurance covers facilities, materials, equipment and business
interruption, with an excess of £100,000. Our insurers have been notified and
we are in discussions whilst accumulating evidence.

We would like to thank the Robinson team and our external partners for their
efforts and our customers and suppliers for their understanding.

A further announcement will be made in due course once the impact of the
flooding has been more fully assessed.

 

The Company also announces that its Nominated Adviser and Broker, finnCap Ltd,
has now changed its name to Cavendish Capital Markets Limited following
completion of its own corporate merger.

 

 Enquiries:
 Robinson plc                                   www.robinsonpackaging.com (http://www.robinsonpackaging.com)
 Sara Halton, Interim CEO                       Tel: 01246 389280

 Mike Cusick, Finance Director

 Cavendish Capital Markets Limited
 Ed Frisby / Seamus Fricker, Corporate Finance  Tel: 020 7220 0500

 Tim Redfern / Barney Hayward, ECM

 

About Robinson:

 

Being a purpose-led business, Robinson specialises in custom packaging with
technical and value-added solutions for food and consumer product hygiene,
safety, protection, and convenience; going above and beyond to create a
sustainable future for our people and our planet. Its main activity is in
injection and blow moulded plastic packaging and rigid paperboard luxury
packaging, operating within the food and beverage, homecare, personal care and
beauty, and luxury gift sectors. Robinson provides products and services to
major players in the fast-moving consumer goods market including Procter &
Gamble, Reckitt Benckiser, SC Johnson and Unilever.

 

Headquartered in Chesterfield, UK, Robinson has plants in the UK, Poland and
Denmark. Robinson was formerly a family business with its origins dating back
to 1839, currently employing nearly 400 people. The Group also has a
substantial property portfolio with development potential.

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