Scapa Group Plc - Scapa commences legal action against ConvaTec

Further to the announcement made on 3 June 2019, Scapa Group plc (AIM: SCPA) announces that on 10 July, Scapa Tapes North America LLC. ("Scapa Tapes"), a US subsidiary of Scapa Group plc, filed a complaint against ConvaTec Inc. ("ConvaTec"), for breach of contract with regard to a Master Supply Agreement (MSA) between those respective parties, in which Scapa Tapes is claiming damages in excess of $83.81m and a declaratory judgement.

 

In addition, Scapa Group plc and Scapa Tapes have filed a motion to dismiss the complaint filed by ConvaTec with regard to the MSA between ConvaTec and Scapa Tapes.