Angling Direct PLC Cyber security incident update (2803S)

TIDMANG

RNS Number : 2803S

Angling Direct PLC

12 November 2021

12 November 2021

Angling Direct PLC

("Angling Direct" or the "Company")

Cyber security incident update

Further to the announcements on 8 and 10 November 2021 regarding Angling Direct's cyber security incident, the Board is pleased to announce that, following significant testing and further reassurance from our third-party security advisers, the Company's websites are safely back online and trading in the normal course, taking orders and payments. The distribution team is currently working through the delivery backlog in the warehouse to ensure customers receive their orders as quickly as possible.

As matters currently stand and as previously stated, the Board remains of the view that this incident will not have a detrimental impact on underlying trading. The Company will continue to assess any cost exposure that this incident may create and is working closely with its insurers as appropriate.

Investigations are continuing by our third-party security advisers to determine whether this incident has had an impact on any personal data and the Company will inform any individuals impacted in line with our regulatory obligations, should there be a need to do so. The Company will provide further updates as appropriate.

Andy Torrance, CEO of Angling Direct, said:

"I would once again like to apologise to our customers for any disruption that has been caused and thank them for their continued patience and for bearing with us as we continue to work through the order backlog. On behalf of the Board, I would also like to take this opportunity to thank the Angling Direct team who have worked tirelessly since the sophisticated cyber incident was first detected on 5 November."

For further information please contact:

 
 Angling Direct PLC                        via FTI Consulting 
 Andy Torrance, Chief Executive 
  Officer 
  Steven Crowe, Chief Financial Officer 
 Singer Capital Markets - NOMAD 
  and Broker                               [phone] 
 Peter Steel (Corporate Finance) 
  Alex Bond (Corporate Finance) 
  Tom Salvesen (Corporate Broking) 
 FTI Consulting - Financial PR             [phone] 
 Alex Beagley                              [e-mail] 
  Alice Newlyn 
  Sam Macpherson 
 

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November 12, 2021 10:30 ET (15:30 GMT)