26 Oct 2022 17:11
AIM: DX.
DX (Group) plc
("DX", the "Company" or the "Group")
Receipt of Requisition Notice
Further to Gatemore Capital Management LLP's ("Gatemore") announcement made earlier today, DX confirms that it has received a notice, dated 26 October 2022, from Gatemore seeking to requisition a general meeting of the Company under Section 303 of the Companies Act (the "Requisition"). The Requisition proposes to remove Ron Series as Executive Chairman and a Director of the Company and to appoint Mark Hammond to replace him as Executive Chairman and a Director.
The Board is in the process of considering the Requisition and Gatemore's announcement, and a further announcement will be made in due course.
Enquiries:
DX (Group) plc www.dxdelivery.com | ||
Ron Series, Executive Chairman 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 | T: 020 3178 6378 | |
Katie Tzouliadis/ Dan Mahoney |
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.