PTD Pittards Plc

TIDMPTD

RNS Number : 1176M

Pittards PLC

10 October 2016

10 October 2016

Pittards plc

("Pittards" or "the Company")

Situation in Ethiopia

Pittards plc, the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors today announces that following heightened social unrest in Ethiopia the Ethiopian Prime Minister has declared a state of emergency for six months. In addition the Foreign and Commonwealth Office have advised against all but essential travel to various regions including East Shewa where our Ethiopian tannery is located although our glove factories are located in Addis Ababa which is not affected. At this time we do not envisage significant disruption to our production however we continue to monitor the situation closely and we have detailed contingency plans in place should the situation deteriorate.

Our ongoing strategy of dual production in the UK and Ethiopia gives us a level of protection from any interruption in production.

For further information please contact:

 
 
 Pittards plc                 www.pittardsleather.com 
 Stephen Yapp, Chairman 
 
  Reg Hankey, CEO             +44 (0) 1935 474 321 
 Matt O'Rourke, CFO 
 WH Ireland Limited           www.whirelandplc.com 
 John Wakefield/Ed Allsopp    +44 (0) 117 945 3470 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 10, 2016 06:15 ET (10:15 GMT)

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