19 Oct 2022 07:00
AIM: DX.
DX (Group) plc
("DX", the "Company" or the "Group")
Restoration of Share Trading,
Board Change and Notice of Final Results
DX, the provider of delivery solutions, including parcel freight, secure courier and logistics services, is pleased to announce the restoration of the Company's ordinary shares to trading from 7.30 a.m. today.
Trading in the Company's ordinary shares was suspended on 4 January 2022 after the Company was unable to conclude and publish its audited report and accounts for the financial year ended 3 July 2021 (the "2021 Report and Accounts") before 2 January 2022 (being six months from the end of the financial year end). This was owing to the Company's Audit & Risk Committee raising a corporate governance inquiry (the "Inquiry") relating to an internal investigation (the "Investigation"), which commenced during that financial year.
The 2021 Report and Accounts were subsequently published on 20 September 2022 and the conclusion of the corporate governance inquiry and internal investigation was also announced that day. The announcement included details of the key initiatives the Board is implementing (the "Key Initiatives") to ensure the highest standards of corporate and individual conduct and underlined the Board's commitment to meeting its corporate governance objectives. Sufficient progress has now been made against the Key Initiatives for trading in the Company's ordinary shares to resume.
DX also announces that Non-executive Director, Mr. Russell Black, leaves the Board and the Company today.
The Company expects to report the Group's financial results for the year ended 2 July 2022 in the second half of November 2022.
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.