8 December 2015
James Cropper plc ('James Cropper' or the 'Company')
Impact of Storm Desmond
James Cropper provides the following update on the impact of Storm Desmond to its facility at Burneside in Cumbria.
Over Saturday night and Sunday morning the river Kent, which flows by our mill site at Burneside, rose to its highest ever known level and flooded through part of the site.
The first and main priority over the weekend was focused on the safety of those working at Burneside and we are pleased to report that despite some challenging circumstances everyone has remained safe.
There has been some damage caused to warehousing, facilities and materials. However the implementation of emergency procedures minimised the overall impact and subsequently damage to structures and key equipment appears relatively limited although there will be some disruption as site clean-up operations are undertaken and certain raw materials re-supplied.
Our insurance covers both losses to goods and consequential losses. Excesses are £15k for goods and £1million for consequential losses. Our insurers have been notified and we are in discussions whilst accumulating evidence.
A further announcement will be made in due course once the impact of the flooding has been more fully assessed.
Enquiries:
James Cropper plc (Aim:CRPR) Phil Wild, Group CEO www.cropper.com |
01539 722002 |
Westhouse Securities Limited Robert Finlay Henry Willcocks David Coaten www.westhousesecurities.com |
020 7601 6100 |
