Scotland Gas Networks PLC Notification of Investigation
March 11 2024 - 9:04AM
RNS Regulatory News
RNS Number : 3760G
Scotland Gas Networks PLC
11 March 2024
SCOTLAND GAS NETWORKS PLC (the
"Issuer")
(LEGAL IDENTIFIER NUMBER:
549300Y7M5CC1U5DBX07)
Notification of
Investigation under s.25 of the Competition Act
1998
The Issuer has received notification from Gas
and Electricity Markets Authority, the governing body of the Office
of Gas and Electricity Markets, that it has opened an investigation
under s.25 of the Competition Act 1998 into the conduct of Scotia
Gas Networks Limited ("SGN") and any companies that form or
previously formed part of the same corporate group which focusses
on SGN's connections business. The Issuer is a wholly owned
subsidiary of SGN.
The Issuer and SGN are cooperating fully with
the investigation.
This announcement contains Inside Information
for the purposes of Article 7 of the Market Abuse Regulation (EU)
596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018, as amended (the "UK Market Abuse
Regulation").
For further information, please
contact:
Alexander Rutherford
Treasurer
+44 (0)1293 818 316
treasury@sgn.co.uk
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