22 Dec 2017 13:13
22 December 2017
AIM: DX.
DX (Group) plc
("DX" or the "Company")
Grant of share awards and PDMR notification
DX, the independent parcels, mail and logistics operator, announces that on 21 December 2017 it made the following grants of conditional nominal cost share awards over ordinary shares of 1 penny each in DX ("Ordinary Shares") (the "Awards").
Ron Series, Executive Chairman, Lloyd Dunn, CEO, and Paul Ibbetson, who as Managing Director of DX Freight is considered a PDMR of the Company, received "Recovery Awards" over Ordinary Shares granted under the DX Performance Share Plan 2017. These awards have an exercise price of 1 penny per share and become exercisable subject to continued employment and share price targets.
Paul Goodson and Russell Black, both Non-executive Directors, received nominal-cost share awards under Restricted Share Award Contracts. These awards have an exercise price of 1 penny per share and become exercisable subject to continued employment.
PDMR | Numberof Ordinary Shares subject to the Awards |
Ron Series | 8,169,000 |
Lloyd Dunn | 15,171,000 |
Russell Black | 291,750 |
Paul Goodson | 291,750 |
Paul Ibbetson | 4,000,000 |
Enquiries:
DX (Group) plc | T: 0333 241 1525 | |
Zoe Pepper, General Counsel and Company Secretary | ||
Zeus Capital (Nominated Adviser to DX) | T: 020 3829 5000 | |
Nick How, Giles Balleny (Corporate Finance) | ||
Dominic King (Corporate Broking) | ||
KTZ Communications | T: 020 3178 6378 | |
Katie Tzouliadis | ||
Irene Bermont-Penn | ||
Emma Pearson |
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | 1. Ron Series 2. Lloyd Dunn 3. Russell Black 4. Paul Goodson 5. Paul Ibbetson | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | 1. Executive Chairman 2. Chief Executive Officer 3. Non-executive Director 4. Non-executive Director 5. Managing Director, DX Freight | ||||||||||||
b)
| Initial notification /Amendment | Initial notification | ||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name | DX (Group) plc | ||||||||||||
b) | LEI | 213800LA2YGSOFIYIH95
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4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||
a)
| Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each
ISIN: GB00BJTCG679 | ||||||||||||
b) | Nature of the transaction | Grant of conditional share awards
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A | ||||||||||||
e) | Date of the transaction | 21 December 2017 | ||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||