7 Feb 2023 14:12
7 February 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 it has received notifications of exercise from three Participants in the Company's Performance Share Plan 2017 (the "PSP") in relation to the exercise of 14,446,908 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 PSP.
Accordingly, following net settlement of these Options, application has been made for a total of 7,661,868 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 10 February 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 604,879,255 Ordinary Shares, each with voting rights. Accordingly, the figure of 604,879,255 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 17,866,771 Ordinary Shares, representing 2.95% of the Company's enlarged issued share capital.
Enquiries:
DX (Group) plc www.dxdelivery.com | ||
Paul Ibbetson, Chief Executive Officer David Mulligan, Chief Financial Officer | T: 020 3178 6378 (c/o KTZ Communications) | |
finnCap (Nominated Advisor and Joint Broker to DX) | T: 020 7220 0500 | |
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 Katie Tzouliadis/Robert Morton/Dan Mahoney | T: 020 3178 6378 |
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.