Accrol Group Holdings Plc - Update on Health and Safety incident

The Health and Safety Executive (HSE) has indicated to the Company that it is seeking a fine in the range of £550,000 to £2.9 million for this incident. The Court has stated that Accrol Papers Limited will receive maximum credit for its early guilty plea. Consequently, any fine imposed will be subject to a discount of one third. Sentencing is expected on 17 January 2018.  An announcement detailing the fine will be made following this hearing.

The Company takes the health and safety of its employees very seriously and has co-operated fully with the HSE and its investigation.