DX (Group) PLC Issue of Equity and Total Voting Rights (5810M)
January 12 2023 - 8:25AM
UK Regulatory
TIDMDX.
RNS Number : 5810M
DX (Group) PLC
12 January 2023
12 January 2023
AIM: DX.
DX (Group) plc
("DX", or the "Company")
Issue of Equity and Total Voting Rights
DX, the provider of delivery solutions, including parcel
freight, secure courier and logistics services, announces that on
10 January 2023 it received a notification of exercise from Lloyd
Dunn, a former Director, in relation to the exercise of 26,534,767
share options ("Options") over ordinary shares of 1p each in the
Company ("Ordinary Shares") at an exercise price of 1.0 pence (the
"Exercise") pursuant to the Company's Performance Share Plan 2017
(the "PSP").
Accordingly, following net settlement of these Options,
application has been made for a total of 13,578,480 new Ordinary
Shares to be issued to be admitted to trading on AIM ("Admission").
Admission is expected to occur at 8.00 a.m. on or around 18 January
2023.
The new Ordinary Shares will rank pari passu with the existing
shares of the Company. Following Admission, the Company's issued
share capital consists of 597,217,387 Ordinary Shares, each with
voting rights. Accordingly, the figure of 597,217,387 may be used
by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Following the Exercise, there are options outstanding over
32,313,680 Ordinary Shares, representing 5.4% of the Company's
enlarged issued share capital.
Enquiries:
DX (Group) plc
www.dxdelivery.com
Mark Hammond, Executive Chairman T: 020 3178 6378
David Mulligan, Chief Financial Officer (c/o KTZ Communications)
finnCap (Nominated Advisor and Joint T: 020 7220 0500
Broker to DX)
Matt Goode/Simon Hicks (Corporate Finance)
Andrew Burdis/Charlotte Sutcliffe (Corporate
Broking)
Liberum (Joint Broker to DX) T: 020 3100 2000
Nick How/William Hall
KTZ Communications T: 020 3178 6378
Katie Tzouliadis/ Dan Mahoney
About DX (Group) plc:
DX is a well-established provider of a wide range of delivery
services to both business and residential addresses across the UK
and Ireland. First established in 1975 as a Document Exchange
service to the legal sector, DX now provides one of the widest
ranges of overnight delivery services in the market, as well as
logistics services. Items that DX transports range from
confidential documents and valuable packages to large,
awkward-to-handle freight, unsuitable for automated conveyor.
DX Freight: comprises DX 1-Man, DX 2-Man and Logistics. The
Division specialises in the delivery of irregular dimension and
weight freight ("IDW").
DX Express: comprises DX Parcels and DX Exchange and Mail. The
Division specialises in the express delivery of parcels and
documents.
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END
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