A final settlement has been agreed between Securitas and the Bank of England regarding declarations made by Loomis Cash Management Ltd (LCM) that did not comply with the rules of the Bank of England's Note Circulation Scheme (NCS).
The amount of the settlement is covered by the provisions already taken. No further financial effects are expected.
LCM transferred most of its operations to Vaultex UK Ltd (jointly owned by HSBC Bank and Barclays Bank) on 24 November 2007, when Vaultex replaced it as a member of the NCS.
This press release is also available at: www.securitas.com
Information:
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs,
mobile +46 70 287 8662
Securitas is a knowledge leader in security. By focusing on providing security solutions to fit each customer's needs, Securitas has achieved sustainable growth and profitability in more than 30 countries in North America, Latin America, Europe and Asia. Everywhere from small stores to airports, our 250,000 employees are making a difference.
Securitas AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instrumets
Trading Act. The information was submitted for publication at 08.30 on June 19, 2008
Settlement between Securitas and the Bank of England
Published
19 June 2008 08:30
