Inactive Instrument

Safestyle UK plc

Equities

SFE

JE00BGP63272

Construction Supplies & Fixtures

Comment re: trade speculation

October 19, 2018 at 02:17 am EDT

19 October 2018

Safestyle UK plc

The Board of Safestyle UK plc ('Safestyle') has become aware of certain rumours in the market and confirms that it is not in discussions to acquire NIAMAC Developments Ltd (trading as SafeGlaze UK) ('NIAMAC') nor to acquire its business or assets. The Board of Safestyle is however considering certain other arrangements with key stakeholders in NIAMAC that could benefit Safestyle's business and accelerate its recovery.

There can be no certainty that any formal arrangement will be entered into. A further announcement will be made in due course, as appropriate.

Enquiries:

Safestyle UK plc	via FTI Consulting
Mike Gallacher, Chief Executive Officer
Rob Neale, Chief Financial Officer

Zeus Capital (Nominated Adviser & Joint Broker)	Tel: 0203 829 5000
Nick How / Dominic King

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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Disclaimer

Safestyle UK plc published this content on 19 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 October 2018 06:12:10 UTC

Latest news about Safestyle UK plc

Safestyle UK plc Announces Board Resignations	Jan. 10	CI
Safestyle UK calls January 10 meeting to approve winding up	Dec. 18	AN
FTSE 100 Closes Friday Lower, Weighed Down by Falling Oil Prices	Nov. 03	DJ
Safestyle UK now a "cash shell", expects liquidation soon	Nov. 03	AN
Safestyle UK Expects to Enter Liquidation	Nov. 03	MT
Digital 9 dismisses call for strategic review	23-10-30	AN
Administrators to Keep 70 of 750 Jobs Amid Collapse of UK's Safestyle	23-10-30	MT
Bezant optimistic after Hope & Gorob estimate	23-10-30	AN
The FTSE 100 Closed Down 0.9% on Earnings Disappointment, Geopolitical Tensions	23-10-27	DJ
Safestyle UK Requests LSE Trading Halt Amid Unfruitful Sale Negotiations	23-10-27	MT
Safestyle stock suspended, says return of shareholder value "unlikely"	23-10-27	AN
FTSE 100 Closed Down 0.8% dragged by Standard Chartered	23-10-26	DJ
Stocks firmly in red on ECB's Lagarde comments	23-10-26	AN
Safestyle UK shares plummet amid financing woes	23-10-26	AN
Stocks down ahead of US data and ECB decision	23-10-26	AN
AIM WINNERS & LOSERS: Argentex plummets on CEO's sudden departure	23-10-26	AN
StanChart falls on China hit; WPP cuts outlook	23-10-26	AN
Safestyle UK Reports Progress in Financial Recovery Plan	23-10-11	MT
Safestyle attracts interest as considers restructuring options	23-10-10	AN
Safestyle UK explores alternatives including sale	23-10-10	RE
Safestyle UK Continues Talks to Secure Working Capital; Shares Plunge	23-10-03	MT
AIM WINNERS & LOSERS: Safestyle plunges as seeks cash injection	23-10-03	AN
Safestyle UK shares drop following funding update	23-10-03	AN
FTSE 100 Closes Down 0.46% Weighed by Real Estate	23-09-27	DJ
Earnings Flash (SFE.L) SAFESTYLE UK Reports H1 Revenue GBP74.1M	23-09-27	MT

Chart Safestyle UK plc

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Company Profile

Safestyle UK plc is a United Kingdom-based company that is primarily engaged in the sale, manufacture and installation of replacement un-plasticized polyvinyl chloride (PVCu) windows and doors for the United Kingdom homeowner market. The Company operates through the sale, design, manufacture, installation and maintenance of domestic, double-glazed replacement windows and doors segment. The Company offers over 20 composite doors, approximately 16 color finishes, over three window types, over three garden doors, approximately seven furniture colors, over PVCu color, approximately 11 PVCu door designs over 10 privacy glass options, and also offers a range of furniture and handle options, including a variety of door knockers to choose from, letter plates, spy holes, safety chains, numbers and others. The Company has over 29 sales branches and approximately 14 installation depots across the United Kingdom. The Company's wholly owned subsidiary is Style Group Holdings Limited.

Sector

Construction Supplies & Fixtures

Calendar

2024-09-18 - Q2 2024 Earnings Release (Projected)

More about the company

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