Dewhurst Group PLC Cyber Incident (4834N)

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RNS Number : 4834N

Dewhurst Group PLC

01 June 2022

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Dewhurst Group PLC

("Dewhurst" or the "Company")

Cyber incident

Dewhurst plc (AIM: DWHT) reports that following a cyber-security incident in its business which occurred on 23 May 2022, the Company's manufacturing facilities have remained operational and continue to service the demands of its customers at most sites, but administrative systems are not currently fully operational. The remediation process at the Company's sites is underway and individual sites are likely to come back gradually over a period of time.

Following the cyber incident, the Company immediately engaged external specialists and has taken precautionary measures with its IT infrastructure whilst it continues to investigate the nature and extent of the incident and implement its systems recovery plan. As a precaution the Company has informed the data regulators in all required jurisdictions.

The Company's external specialists will continue to monitor and support the Group with this incident as well as report on the attack and make recommendations to further enhance and refine the Company's processes and procedures.

The Company has been continually assessing the potential impact of the cyber incident and the Board expects the impact to the underlying trading of the business to minimal with revenues expected to remain broadly in line with current market expectations. However, as a result of exceptional remediation costs in relation to the cyber incident, the Board now expects profitability of the Company for FY22 to be materially below expectations. The Board does not anticipate there to be any detrimental impact on the Company's long-term reputation. The Company will continue to assess the impact that this incident may have on the current year and the Board will provide a further guidance as and when appropriate.

Contacts:

 
Dewhurst Plc                                   Tel: +44 (0)208 744 
                                                 8200 
 Richard Dewhurst, Chairman 
  Jared Sinclair, Finance Director 
  www.dewhurst-group.com 
 Singer Capital Markets (Nominated Adviser and  Tel: +44 (0)207 496 
  Sole Broker)                                   3000 
 Will Goode / James Fischer

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June 01, 2022 02:01 ET (06:01 GMT)

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