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IN BRIEF: DX Group plummets as shares restored on AIM after 10 months

Wed, 19th Oct 2022 13:14

DX Group PLC - Slough, England-based parcel freight, secure courier and logistics provider - Shares are restored on London's AIM market. The shares were suspended on January 2 after the company was unable to conclude and publish its audited report and accounts for the financial year ended July 3, 2021. This was due to to the DX's Audit & Risk Committee raising a corporate governance inquiry relating to an internal investigation, which commenced during that financial year.

In September, DX published its financial year 2021 accounts, and its corporate governance inquiry and internal investigation was also concluded.

DX says: "The announcement included details of the key initiatives the board is implementing to ensure the highest standards of corporate and individual conduct and underlined the board's commitment to meeting its corporate governance objectives. Sufficient progress has now been made against the key initiatives for trading in the company's ordinary shares to resume."

It expects to report the company's financial results for the year ended July 2, 2022, in the second half of November 2022.

Current stock price: 23.70 pence, down 21% on Wednesday

12-month change: down 99%

By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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