REG - Safestyle UK PLC - Response to media speculation

Safestyle UKAnnouncement

10/10/2023 18:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231010:nRSJ6966Pa&default-theme=true

RNS Number : 6966P  Safestyle UK PLC  10 October 2023

10(th) October 2023

 

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 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018.  Upon the publication of this
announcement via the Regulatory Information Service, this inside information
is now considered to be in the public domain.

 

Safestyle UK plc

("Safestyle" or the "Company" and together with its subsidiaries, the "Group")

 

Response to media speculation

 

Safestyle UK plc (AIM: SFE.), the leading UK focused retailer and manufacturer
of PVCu replacement windows and doors for the homeowner market, notes latest
press coverage and provides an update on the status of the ongoing work
outlined following its previous update on 3 October 2023.

 

The Board confirms that it has engaged Interpath Advisory to assist with the
process that the Group is continuing to explore, which may include a capital
injection or new financing, a potential sale of the shares in the subsidiaries
and/or a sale of the business and assets of the subsidiaries ("the
Process").

 

The Board can also update the market that the Process underway has resulted in
a number of different parties declaring their interest at this time and the
Board and its advisors will continue to engage with these parties in the
coming days.

 

As also outlined in the most recent update on 3 October 2023, the Board
continues to engage with the Group's bank, which remains supportive whilst
re-iterating that maintaining its ongoing support is still expected to be
inter-conditional on achieving a positive outcome from this process.

 

A further announcement will be made as and when appropriate.

 

For further information:

 

 Safestyle UK plc                             via FTI Consulting

 Rob Neale, Chief Executive Officer

 Phil Joyner, Chief Financial Officer

 Zeus (Nominated Adviser & Joint Broker)      Tel: 0203 829 5000

 Dan Bate / James Edis (Investment Banking)

 Dominic King (Corporate Broking)

 Liberum Capital Limited (Joint Broker)       Tel: 0203 100 2100

 Jamie Richards / William King

 FTI Consulting (Financial PR)                Tel: 0203 727 1000

 Alex Beagley / Sam Macpherson / Amy Goldup

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 (http://www.safestyleukplc.co.uk) or
www.safestyle-windows.co.uk (http://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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  SPCBRBDGSDBDGXG