Sign up
Tech Capital

SafestyleUK shares climb on settlement in Bradford double glazing dispute

Rival SafeGalze UK will change name and curb sales tactics
double glazing
Both firms are based in Bradford

Safestyle PLC (LON:SFE) shares rocketed higher as the windows and doors maker settled its claims against rival SafeGlaze.

Both firms are based in Bradford and Safestyle had accused its rival of trademark infringement, malicious falsehood and misleading information as part of its sales tactics.

Injunctions

The AIM-listed group has been granted a number of injunctions against NIAMAC, SafeGlaze’s owner, which will now be replaced by appropriate undertakings to the court as part of the settlement.

The settlement also governs future relations between the firms to prevent the possibility of any acts of intimidation or harassment of Safestyle UK representatives. 

In addition, SafeGlaze UK has agreed to change its trading name and rebrand fully within an agreed period of time.

Other details of the settlement remain confidential.

Safestyle shares jumped 21% to 48.6p.

PhilW.jpg


Register here to be notified of future Company articles
View full profile View Profile
View All

© tech Capital 2018

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Tech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.