DX..L Regulatory News (DX.)

20 October 2017

AIM: DX.

DX (Group) plc

("DX" or the "Company")

Board Changes

DX, the independent parcels, mail and logistics operator, is pleased to confirm that the proposed changes to the composition of its Board of Directors, as reported on 9 October 2017, have come into effect.

Ron Series has assumed the role of Chairman from Bob Holt, who is retiring from the Company. Lloyd Dunn, who became Chief Executive Officer in a non-Board capacity on 9 October, now joins the Board, and Russell Black and Paul Goodson both join the Board as Non-executive Directors. Paul Murray is retiring as a Non-executive Director although will remain with the Company in a consultancy role over a three month period. Ian Gray continues in his role as a Non-executive Director until the Company's AGM in 2018.

Further information on the new members of the Board of Directors is provided below.

Ron Series, Chairman

Ron Series has extensive experience in business turnaround situations, and of the logistics and transportation sectors.

He is currently the Senior Independent Director at Clipper Logistics plc, where he has been a Non-executive Director since its IPO in May 2014. He has previously held executive and non-executive positions at a number of companies with international operations in transport, logistics, shipping, real estate and information technology. Included among them is Tuffnells Parcels Express Limited, where he was Chairman during its turnaround in 2002-2005.

Lloyd Dunn, Chief Executive Officer

Lloyd Dunn has 38 years' experience in the transportation industry.

He was previously Chief Executive Officer of Tuffnells Parcel Express Limited, which he led through a significant turnaround before it was sold to Connect Group in 2014. Prior to that, he was a founding member of Nightfreight Plc, the logistics company, with founder, Russell Black. Nightfreight Plc was admitted to the Official List of the London Stock Exchange in 1994, and Lloyd remained as an Executive Director until its sale to private equity in 2001.

Russell Black, Non-executive Director

Russell Black has over 40 years' experience in the transportation sector, both internationally and in the UK.

He founded, and was Chief Executive Officer of, Nightfreight Plc in 1984, leading its subsequent IPO. After retiring from Nightfreight Plc in 2002, he completed a PhD in International Business, while serving as Non-executive Chairman of Birket Engineering Inc, the US-based engineering and construction group, and a Non-executive Director of Instepay, the Florida-based financial services provider.

Paul Goodson, Non-executive Director

Paul Goodson has over 20 years' private equity fund management experience, including investment origination and execution, portfolio management, fund raising and operational management. He worked for Barclays Private Equity Ltd for 13 years until 2011, latterly as Co-Head of BPE and Managing Director UK. Prior to that, he led and managed one of the three London investment teams at 3i plc, which he joined in 1989.

In 2012, Paul became Chairman of Great Bear Distribution Ltd, the logistics company, assisting in its expansion and managing its subsequent sale in 2016. He is a Non-executive Director of Electra plc, the investment trust quoted on London Stock Exchange, and Chairman of Swale Academies Trust, the school improvements service. He also acts as an adviser to Coda Investments Limited.

Additional Information

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Ronald Charles Series (aged 66 years) holds 180,000 shares in the Company

Current directorships:

Clipper Logistics Plc

Series Capital Limited

Directorships held over the last 5 years:

Netfold Limited

Project Oliver Topco Limited

SIAC Holdings Ltd

Netfold Limited was incorporated in 2007 as a vehicle for the pre-packed acquisition from the administrators and turn-around of Amtrak Express Parcels Limited. The finances of the operating business could not be restored and Netfold Limited went into administration in 2010 and was later dissolved. Ron Series was a director at the time of the administration.

Lloyd John Charles Dunn (aged 59 years) holds 2,020,000 shares in the Company.

Current directorships:

Ashbrook Homes Midlands Limited

The Chimneys Investment Company Limited

Ridgeway Developments (Leicester) Limited

Directorships held over the last 5 years:

Tuffnells Parcels Express Limited

The Big Green Parcel Machine Limited

The Big Green Parcel Group Limited

The Big Green Euro Machine Limited

The Big Green Parcel Holding Company Limited

David Russell Black (aged 78 years)

Current directorships:

n/a

Directorships held over the last 5 years:

DRV Black Investments Limited

Paul Andrew Goodson (aged 53 years)

Current directorships:

Coda Investments (Timperley) Limited

Electra Private Equity Plc

Swale Academies Trust

Minerva Invest

Directorships held over the last 5 years:

Great Bear Distribution Ltd

Great Bear Holdings Ltd

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

Enquiries