Re OFT Investigation
17 Avril 2008 - 6:28PM
UK Regulatory
RNS Number:5990S
Renew Holdings PLC
17 April 2008
Renew Holdings plc
('Renew' or the 'Company')
Re OFT Investigation
Renew notes the announcement today from the Office of Fair Trading ('OFT')
regarding its investigation into tender activities within the construction
sector.
Renew, which announced in June 2007 that one of its subsidiaries (Allenbuild
Limited) had been contacted by the OFT in relation to some historic contract
tenders, has been and remains fully committed to co-operating with the OFT in
its ongoing investigation. Renew notes that Bullock Construction Limited, listed
by the OFT in connection with Renew, was sold by the Company in September 2005.
Renew was unaware of the OFT enquiry into Bullock Construction Limited at the
time of the June 2007 announcement.
Renew will respond to the Statement of Objections in due course.
As previously announced, following the initial notification from the OFT, the
Company conducted a thorough review of the procedures at all of its businesses
and has strict guidelines and controls in place to ensure that all subsidiaries
are in compliance with the Competition Act 1998.
17 April 2008
Enquiries:
Renew Holdings plc
Brian May, Chief Executive Tel: 0113 281 4200
John Samuel, Group Finance Director
College Hill Tel: 020 7457 2020
Mark Garraway
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGUUAPCUPRGQM
Renew (LSE:RNWH)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Renew (LSE:RNWH)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024