Business
Update re. November Lockdown
Update re. November Lockdown.
About this update from Angling Direct Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3095E\n Angling Direct PLC\n 05 November 2020\n \n \n \n \n 5 November 2020\n \n \n \n Angling Direct \n \n \n plc \n \n \n \n \n \n \n (\"Angling Direct\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Update re. November Lockdown\n \n \n \n \n \n \n \n \n Angling Direct plc\n (AIM: ANG), the largest specialist fishing tackle and equipment retailer in the UK, provides an update on the Group's operations in relation to the UK government's enforced closure of non-essential retail stores for four weeks from Thursday 5 November.\n \n \n \n \n \n The Company confirms that its stores are now closed, but will remain trading with a call-and-collect service adopted in accordance with government guidelines. Angling Direct's webstore remains fully operational for both the UK and European sales, with the distribution centre geared to fulfil increased demand through this channel, with the upcoming Black Friday and Christmas period.\n \n \n \n \n \n The Company notes that momentum achieved in the half year has continued with sales remaining robust through October. The Company's balance sheet and liquidity position remains strong and the majority of its key suppliers have confirmed that they will continue to operate during the lockdown period. As a result, the Board confirms that the Group continues to trade in line with market expectations for the year ending 31 January 2021.\n \n \n \n \n \n Angling Direct is pleased the wellbeing benefits of fishing continue to be recognised and agrees with Angling Trust's interpretation of government guidelines, that angling is a legitimate health and wellness activity which can safely continue.\n \n \n \n \n \n \n \n \n For further information please contact:\n \n \n \n \n \n \n \n \n Angling Direct PLC\n \n \n \n \n \n \n \n \n \n \n +44 (0) 1603 258658\n \n \n \n \n \n \n Martyn Page, Executive Chairman\nAndy Torrance, Chief Executive Officer\n Steven Crowe, Chief Financial Officer\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n N+1 Singer - NOMAD and Broker\n \n \n \n \n \n \n \n \n \n \n \n \n \n Peter Steel, Alex Bond (Corporate Finance)\nTom Salvesen (Corporate Broking)\n \n \n \n \n +44 (0) 20 7496 3000\n \n \n \n \n \n \n \n Yellow Jersey PR - Financial PR\n \n \n \n...