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
announcement
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