Safestyle UK says it has had a number of approaches from interested parties following its plea for third-party saviours in the wake of its ongoing shares slump.
The group has issued a statement in response to media coverage of its current woes https://www.the-glazine.com/?p=10613 , saying it is in talks with a number of interested parties but adding that the continuing support of its bank is ‘inter-conditional’ on a positive outcome from such talks.
The statement in full reads: “Safestyle UK plc 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, (“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.”
