21st Oct 2008 15:24
21 October 2008
Announcement from Hays PLC
As disclosed by Hays on 28 July 2006, the Office of Fair Trading ('OFT') is conducting an investigation into possible breaches of competition law by a number of recruitment companies operating in the construction recruitment sector, including Hays. The investigation relates to a small part of Hays' Construction & Property business in the UK.
Today the OFT has issued a statement of objections setting out its preliminary conclusions, which we will now review and respond to. We take this matter very seriously and we are co-operating fully with the OFT, under the OFT's leniency programme.
Following an internal investigation, we are confident that the matter being investigated by the OFT was an isolated matter and that appropriate steps have been taken. The Board continues to believe that any financial impact of the matters under investigation will not have a material impact on the Group.
At this stage, whilst the legal process is ongoing, we will not be making anyfurther comment.- ends -EnquiriesHays plc Paul Venables Finance Director + 44 (0) 20 7383 2266 Martin Abell Investor Relations + 44 (0) 20 7383 2266 Brunswick Gill Ackers / Catherine Colloms + 44 (0) 20 7404 5959
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