Robinson PLC Impact of Storm Babet (1458R)
24 10월 2023 - 10:35PM
UK Regulatory
TIDMRBN
RNS Number : 1458R
Robinson PLC
24 October 2023
Robinson plc
24 October 2023
Impact of Storm Babet
Robinson plc ("Robinson" the "Company" or the "Group" stock
code: RBN), the custom manufacturer of plastic and paperboard
packaging, provides the following update on the impact of Storm
Babet to its premises at Chesterfield.
On 20 October 2023, the river Hipper, which flows by our
premises in Chesterfield, rose to its highest ever known level and
flooded through part of the site. Part of the premises is occupied
by the Group, including the Paperbox manufacturing business and the
Group head office; the remainder is let to tenants. The Paperbox
business represented 4% of the Group's revenues in 2022. The
Group's plastics business was unaffected.
The first and main priority was the safety of those working at
the site and the implementation of emergency procedures to mitigate
the overall impact. We are pleased to report that despite some
challenging circumstances everyone has remained safe.
Despite the substantial efforts of our employees, there has been
some damage caused to facilities, materials and equipment and
manufacturing operations have paused. There will be disruption as
the site clean-up continues prior to recommencement of
operations.
Our insurance covers facilities, materials, equipment and
business interruption, with an excess of GBP100,000. Our insurers
have been notified and we are in discussions whilst accumulating
evidence.
We would like to thank the Robinson team and our external
partners for their efforts and our customers and suppliers for
their understanding.
A further announcement will be made in due course once the
impact of the flooding has been more fully assessed.
The Company also announces that its Nominated Adviser and
Broker, finnCap Ltd, has now changed its name to Cavendish Capital
Markets Limited following completion of its own corporate
merger.
Enquiries:
Robinson plc www.robinsonpackaging.com
Sara Halton, Interim CEO Tel: 01246 389280
Mike Cusick, Finance Director
Cavendish Capital Markets Limited
Ed Frisby / Seamus Fricker, Corporate Tel: 020 7220 0500
Finance
Tim Redfern / Barney Hayward, ECM
About Robinson:
Being a purpose-led business, Robinson specialises in custom
packaging with technical and value-added solutions for food and
consumer product hygiene, safety, protection, and convenience;
going above and beyond to create a sustainable future for our
people and our planet. Its main activity is in injection and blow
moulded plastic packaging and rigid paperboard luxury packaging,
operating within the food and beverage, homecare, personal care and
beauty, and luxury gift sectors. Robinson provides products and
services to major players in the fast-moving consumer goods market
including Procter & Gamble, Reckitt Benckiser, SC Johnson and
Unilever.
Headquartered in Chesterfield, UK, Robinson has plants in the
UK, Poland and Denmark. Robinson was formerly a family business
with its origins dating back to 1839, currently employing nearly
400 people. The Group also has a substantial property portfolio
with development potential.
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END
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October 24, 2023 09:35 ET (13:35 GMT)
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