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Re CMA Review - Investigation Now Closed

21 Oct 2016 07:11

RNS Number : 1152N
DX (Group) PLC
21 October 2016
 

AIM: DX.

This announcement contains inside information.

 

DX (Group) plc

("DX" or "the Company")

 

Re: UK Competition and Market Authority's review

 

Investigation completed and no further action will be taken

 

DX, the independent parcels, mail and logistics operator, notes today's announcement by the UK Competition and Markets Authority ("the CMA") regarding the Company's acquisition of the trade and assets of The Legal Post (Scotland) Limited and First Post Limited (together "the Transaction"). The CMA has confirmed that its investigation into the acquisition is now closed and that no further action will be taken.

 

Following the announcement of the revocation of the CMA's Initial Enforcement Order on 16 September 2016, DX resumed the integration of the trade and assets of the Transaction. The Company now expects that this process will be substantially completed by the end of 2016, bringing with it the anticipated customer service enhancements and cost savings.

 

Enquiries:

 

DX (Group) plc

 

 

Bob Holt, Chairman

 

M: 07778 798816

Petar Cvetkovic, Chief Executive

 

T: 01753 631 624

Ian Pain, Chief Financial Officer

 

 

 

 

 

Zeus Capital (Nominated Advisor and Joint Broker)

 

T: 020 3829 5000

Nick How, Dominic King

 

 

 

 

 

Numis Securities (Joint Broker)

 

T: 020 7260 1314

Stuart Skinner, Toby Adcock

 

 

 

 

 

KTZ Communications

 

T: 020 3178 6378

Katie Tzouliadis, Viktoria Langley, Emma Pearson

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLFFFIIALIFIR
Date   Source Headline
30th Oct 20144:55 pmRNSHolding(s) in Company
30th Oct 20143:27 pmRNSTR1 Notification
30th Oct 20142:10 pmRNSTR1 Notification
10th Oct 20143:17 pmRNSPosting of Accounts and Notice of AGM
6th Oct 20142:40 pmRNSHolding(s) in Company
6th Oct 20142:38 pmRNSHolding(s) in Company
29th Sep 20147:00 amRNSFinal Results
17th Jul 20147:00 amRNSBoard Changes
15th Jul 20147:00 amRNSTrading update
23rd Apr 20145:20 pmRNSHolding(s) in Company
15th Apr 20146:24 pmRNSHolding(s) in Company
8th Apr 20144:29 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
8th Apr 20148:44 amRNSNOTIFICATION OF MAJOR INTEREST IN SHARES
7th Apr 20147:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
31st Mar 20147:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
24th Mar 20147:00 amRNSInterim financial results
14th Mar 20147:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
3rd Mar 20145:06 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
28th Feb 20145:32 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
28th Feb 20144:26 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
27th Feb 20147:00 amRNSFirst Day of Dealings

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