23rd May 2025 11:51
(Alliance News) - Cambridge Nutritional Sciences PLC on Friday said it has been fined GBP35,000 for safety breaches at a former subsidiary, as sentencing found "no deliberate breach or flagrant disregard for the law".
Shares in Cambridge Nutritional Sciences were up 17% to 2.99 pence in London on Friday morning.
The London-based medical diagnostics firm said Thursday's sentencing related to legal proceedings against wholly-owned subsidiary Omega Diagnostics Ltd, brought by the Health & Safety Executive, related to four breaches of health and safety regulations in 2018.
The company noted that the breaches relate to Omega South West, which was previously owned by Omega Diagnostics but was sold in 2018. Omega Diagnostics entered guilty pleas in March.
The court found that there was no deliberate breach or flagrant disregard for the law, no aggravating factors and "substantial mitigating factors".
The mitigating factors included no previous convictions, a good health and safety record, full cooperation, sincere regret expressed and that the breaches occurred over a narrow window of time, Cambridge Nutritional Sciences noted.
The court imposed a total fine of GBP35,000.
The company said the matter has formally concluded, and there is no further liability or legal action expected.
It said the financial impact of the fine has been fully provided for within its existing provisions. There will be no material effect on its financial performance, Cambridge Nutritional Sciences added.
"The board reaffirms its commitment to upholding the highest standards of compliance and corporate responsibility across all of its operations," it said.
By Michael Hennessey, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Cambr Nutri Sci