Scapa Group PLC Scapa commences legal action against ConvaTec (1609F)
11 Luglio 2019 - 8:00AM
UK Regulatory
TIDMSCPA
RNS Number : 1609F
Scapa Group PLC
11 July 2019
11 July 2019
LEI No. 213800QIPVTK5ES5UU36
Scapa Group plc ("the Company")
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.
The complaint is available for public review on
http://civilinquiry.jud.ct.gov/CaseDetail/PublicCaseDetail.aspx?DocketNo=HHDCV196114103S;
and the motion to dismiss is available for public review on
https://ecf.njd.uscourts.gov/cgi-bin/login.pl.
For further information:
Scapa Group plc
Heejae Chae - Group Chief Executive
Oskar Zahn - Chief Finance Officer 0161 301 7430
Numis Securities Limited
(Nominated Adviser and Joint Broker)
Richard Thomas/Mark Lander 020 7260 1000
Berenberg
(Joint Broker)
Chris Bowman / Toby Flaux 020 3207 7800
FTI Consulting
(Media Relations)
Brett Pollard
Victoria Foster Mitchell 020 3727 1000
About Scapa Group plc
Scapa Group plc is a diversified Healthcare and Industrial
company focused on bringing best-in-class innovation, design and
manufacturing solutions to its customers.
Healthcare
Scapa Healthcare is the trusted strategic partner of choice for
the world's leading companies in Advanced Wound Care, Consumer
Wellness and Medical Device Fixation. We partner with the top
global MedTech companies to develop and manufacture innovative skin
friendly medical device fixation and topical solutions, from
inception through to market delivery, from our state-of-the-art
facilities.
For further information, please visit
www.scapahealthcare.com
Industrial
Scapa Industrial is a global supplier of bonding solutions and
manufacturer of adhesive-based products which offer meaningful
value in industrial applications due to their lightweight,
easy-to-apply properties. We are recognised for our unparalleled
range of products, including adhesive tapes, films and foams, and
we can engineer custom designs for even the most unique
applications.
For further information, please visit
www.scapaindustrial.com
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