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Sweett Group - RICS Hearing

RNS Number : 7163H
Sweett Group PLC
19 August 2016
 

19 August 2016

 

Sweett Group plc

("Sweett Group", the "Company" or the "Group")

 

Royal Institute of Chartered Surveyors Hearing

 

 

Sweett Group plc (AIM CSG.L), the construction and property consultancy, announces the outcome of a disciplinary panel held by the Royal Institute of Chartered Surveyors ("RICS") on 17 August 2016.

 

The panel found that Sweett Group "did not at all times act with integrity and/or avoid any actions or situations that were inconsistent with its professional obligations in that on 18 December 2015 it was convicted of an offence under the Bribery Act 2010 in respect of a failure to prevent an associate from bribing another person with the intention of retaining business for the firm".

 

The panel imposed a fine of £125,000, ordered to pay costs of £4,590 and is subject to some ongoing reporting obligations. The Group is currently considering whether to appeal.                                                                             

 

 

End

 

 

Enquiries

Sweett Group plc

Douglas McCormick, Chief Executive Officer

Patrick Sinclair, Chief Financial Officer

 

 

 

020 7061 9000

Stockdale Securities

Tom Griffiths

020 7601 6100

Camarco

Billy Clegg        

Georgia Mann                       

 

020 3757 4980

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Quick facts: Sweett Group

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Market: AIM
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