REG - Synthomer PLC - Outcome of European Commission investigation

SynthomerAnnouncement

29/11/2022 11:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221129:nRSc9440Ha&default-theme=true

RNS Number : 9440H  Synthomer PLC  29 November 2022

 

 

29(th) November 2022

 

Outcome of European Commission investigation

 

Synthomer plc ("Synthomer") notes today's publication of the European
Commission's decision following its investigation into Styrene Monomer
purchasing practices between 2012 and 2018. Synthomer first disclosed this
investigation to the market in June 2018 and has since completed a detailed
review of its compliance and procurement functions.

 

The decision has resulted in a fine of €43.0m (£37.1m), modestly below the
£40.1m provision that Synthomer announced at its interim results in August
2022. The fine is payable in 2023.

 

 

-ENDS-

 

Enquiries:

 Investors:  Tim Hughes, Synthomer      + 44 7764 859147
 Press:      Charlie Armitstead, Teneo  +44 7703 330269

 

 

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  MSCMZMZMMLDGZZM