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Re full year accounts

15 Sep 2017 07:00

RNS Number : 8268Q
DX (Group) PLC
15 September 2017
 

 

 

The information contained in this announcement is inside information for the purposes of article 7 of Regulation 596/2014.

 

15 September 2017

AIM: DX.

 

DX (Group) plc

("DX" or "the Company")

 

Re: Full year accounts

 

DX announces that, during the preparation of its final results for the year ended 30 June 2017, it has become aware of an incorrect application of accounting policies relating to lease incentives on one of its sites. Following appropriate application of the policies, there will be a non-cash impact of £1.8m to previously guided underlying profits for the year ended 30 June 2017. This does not impact prior accounting periods. Under the correct accounting treatment, the £1.8m lease incentive will be credited back over the remaining c.10 year term of the lease.

 

The audit of the full year results remains in progress and the Company continues to expect to announce its preliminary results in early Q4.

 

 

 

 

Enquiries:

 

 

 

DX (Group) plc

 

 

Bob Holt, Ian Gray

 

T: 0333 241 1525

 

 

 

Zeus Capital (Financial Adviser and 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

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFZLLFDKFLBBE
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