Serious Fraud Office closes investigation into Chemring subsidiary

Advanced technology products group Chemring said on Friday that the UK's Serious Fraud Office had closed its investigation into the activities of its Chemring Technology Solutions subsidiary and associated persons.

Chemring stated it had "co-operated fully" with the SFO throughout the investigation, which was initially launched back in January 2018, and said it was "pleased" that the matter was now closed.

The FTSE 250-listed company added that it remained committed to conducting business in "an ethical and responsible manner" and in full compliance with all applicable laws and regulations.

Reporting by Iain Gilbert at Sharecast.com