26 Jul 2018 07:00
26 July 2018
AIM: DX.
DX (Group) plc
("DX" or "the Group")
Grant of share awards and PDMR notification
DX, the independent parcels, mail and logistics operator, announces that, on 25 July 2018, it made the following grants of conditional nominal cost share awards over Ordinary Shares of 1 pence each in DX ("Ordinary Shares") ("Recovery Awards") to members of the senior management team listed below.
Martin Illidge (DX Express MD), Michael Sherry (IT Director) and Kerensa Leatherland (HR Director), who are all considered to be Persons Discharging Managerial Responsibility ("PDMRs"), have received Recovery Awards under the DX Performance Share Plan 2017. These awards have an exercise price of 1 pence per Ordinary Share and are subject to continued employment and share price targets. The threshold share price vesting target is 12.5 pence per Ordinary Share with the target for maximum vesting of 40 pence per Ordinary Share.
PDMRs | Number of Ordinary Shares subject to the Awards |
Martin Illidge | 2,230,063 |
Michael Sherry | 1,500,000 |
Kerensa Leatherland | 1,200,000 |
Enquiries:
DX (Group) plc | T: 020 3178 6378 (c/o KTZ | |
Ron Series, Chairman | Communications) | |
Lloyd Dunn, Chief Executive Officer | ||
David Mulligan, Chief Financial Officer | ||
finnCap (Nominated Adviser to DX) | T: 020 7227 0500 | |
Matt Goode/Simon Hicks/Hannah Boros (Corporate Finance) | ||
Andrew Burdis/Camille Gochez (Corporate Broking) | ||
KTZ Communications | T: 020 3178 6378 | |
Katie Tzouliadis | ||
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 | Martin Illidge | ||||
2 | Reason for the notification | |||||
a) | Position/status | DX Express MD | ||||
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
| ||||
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 | Options over Ordinary Shares of £0.01 each
ISIN: GB00BJTCG679 | ||||
b) | Nature of the transaction | Grant of conditional share awards
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 25 July 2017 | ||||
f) | Place of the transaction | N/A | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Michael Sherry | ||||
2 | Reason for the notification | |||||
a) | Position/status | IT Director | ||||
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
| ||||
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 | Options over Ordinary Shares of £0.01 each
ISIN: GB00BJTCG679 | ||||
b) | Nature of the transaction | Grant of conditional share awards
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 25 July 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Kerensa Leatherland | ||||
2 | Reason for the notification | |||||
a) | Position/status | HR Director | ||||
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
| ||||
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 | Options over Ordinary Shares of £0.01 each
ISIN: GB00BJTCG679 | ||||
b) | Nature of the transaction | Grant of conditional share awards
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 25 July 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||