15 Nov 2022 07:00
AIM: DX.
DX (Group) plc
("DX", the "Company" or the "Group")
Retirement of Chairman
DX, the provider of delivery solutions, including parcel freight, secure courier and logistics services, announces that Ron Series, Executive Chairman, is today retiring from the Board and the Company.
Ron retires with the good wishes of the Board and colleagues after joining DX as Chairman five years ago to help lead the turnaround of DX. He leaves the Group today in a strong financial and trading position, on the back of an excellent set of results, and with highly capable teams in place at all levels of the business.
The appointment of Ron's successor will be announced shortly.
Jon Kempster, Senior Independent Director of DX (Group) plc, said,
"Ron has been a key member of the Board over the last five years and contributed to the Group's successful recovery since 2017, helping to set the turnaround strategy and path to profitable growth. He retires with the Board's grateful thanks and very best wishes."
Ron Series, retiring Chairman, said,
"DX has announced an excellent set of results this morning and is well-positioned for continued profit growth. Over the past five years, since I joined the Board as Executive Chairman to help lead DX's turnaround, the business has been transformed. I have full confidence in the management team and, with a solid platform now in place, look forward to the Company continuing to deliver strong results in the coming years."
Enquiries:
DX (Group) plc www.dxdelivery.com | ||
Jon Kempster, Non-executive Director 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/ 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.