Taylor Wimpey PLC Taylor Wimpey signs Fire Safety contract (7944S)
13 Marzo 2023 - 9:18AM
UK Regulatory
TIDMTW.
RNS Number : 7944S
Taylor Wimpey PLC
13 March 2023
13 March 2023
Taylor Wimpey plc
Fire Safety Self Remediation Contract
Taylor Wimpey plc ("the company") confirms that it has signed
the Government's Self Remediation Contract, which makes legally
binding the principles of the fire safety Pledge which the company
voluntarily signed in April 2022.
It is our long held view that leaseholders should not have to
pay for the cost of remediation and our priority has always been to
ensure that customers in Taylor Wimpey buildings have a solution to
cladding remediation. We took early and proactive action,
committing significant funding and resources to address fire safety
and cladding issues on all Taylor Wimpey affected apartment
buildings.
The GBP245 million total provision that we set aside remains our
best estimate of the cost of our commitments to remediate Taylor
Wimpey buildings in compliance with current fire safety
standards.
-Ends-
For further information please contact:
Taylor Wimpey plc
Ishaq Kayani, Company Secretary Tel: +44 ( 0) 1494 885656
Debbie Archibald, Investor Relations
Andrew McGeary, Investor Relations
FGS Global TaylorWimpey@fgsglobal.com
Faeth Birch
Anjali Unnikrishnan
Notes to editors:
Taylor Wimpey plc is a customer-focused homebuilder operating at
a local level from 22 regional businesses across the UK. We also
have operations in Spain.
For further information please visit the Group's website:
www.taylorwimpey.co.uk/corporate
Follow us on Twitter @TaylorWimpeyplc
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END
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March 13, 2023 11:18 ET (15:18 GMT)
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