REG - Dewhurst Group PLC - Cyber Incident

DewhurstAnnouncement

01/06/2022 07:00

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RNS Number : 4834N  Dewhurst Group PLC  01 June 2022

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inside information as stipulated under the Market Abuse Regulations (EU) No.
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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 (http://www.dewhurst-group.com)

 Singer Capital Markets (Nominated Adviser and Sole Broker)  Tel: +44 (0)207 496 3000
 Will Goode / James Fischer

 

 

 

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