8 February 2019 – investigation

The company has announced that it has been informed that the Health and Safety Executive intends to prosecute Chesterfield Special Cylinders (CSC) following the fatal accident at the latter in June 2015.  A preliminary court hearing has been set for 6 March 2019.  Unsurprisingly, it is not possible to determine the outcome of the hearing or what financial penalties may be imposed on CSC although the group continues to take legal advice on the matter.  Further updates will be provided on the situation as and when required.  In the meantime we reduce our recommendation to HOLD.