27 November 2019 – trial verdict

The specialist engineering group recently announced that a trial had commenced in respect of the intended prosecution by the Health & Safety Executive following a fatal accident at its subsidiary Chesterfield Special Cylinders in June 2015.  Trial proceedings have concluded and the jury has delivered a guilty verdict pursuant to Section 2 of the Health and Safety at Work Act 1974.  A sentencing hearing has been scheduled for 9 December 2019 and it is likely that a penalty will be determined at that time.  This unfortunate incident is factored into the share price.  The shares are a BUY.