BRIEF-Safeland says have seen a series of fraudulent transactions

LONDON, Oct 11 (Reuters) - Safeland PLC :

* Statement re discovery of losses

* Discovered that it has been the victim of a series of fraudulent transactions

* Amount involved is currently estimated to be approximately £1.25 million

* Already recovered £200,000 & arrangements are in place to recover a further

£500,000 by current FY end

* Continues to trade in the usual way despite the events disclosed in this


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