7 Jun 2023 07:00
AIM: DX.
DX (Group) plc
("DX", "the Company" or "the Group")
Settlement of Claim
DX, the provider of delivery solutions, including parcel freight, secure courier and logistics services, is pleased to announce that it has reached a full and final settlement with Tuffnells Parcels Express Limited in relation to its claim against the Company, as previously announced on 13 February 2023.
This confidential settlement, which is without any admission of liability, brings the claim to a satisfactory conclusion for all parties. It has no impact on the Company's expectations for its financial year ending 1 July 2023 or thereafter.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR. The person responsible for making this announcement is Simon Blunt, Company Secretary.
Enquiries:
DX (Group) plc | T: 020 3178 6378 (c/o KTZ | |
Mark Hammond, Chairman | Communications) | |
Paul Ibbetson, Chief Executive Officer | ||
David Mulligan, Chief Financial Officer | ||
Liberum (Nominated Adviser and Joint Broker to DX) | T: 020 3100 2000 | |
Nick How/William Hall/Lucas Bamber | ||
finnCap (Joint Broker to DX) | T: 020 7220 0500 | |
Matt Goode/Simon Hicks (Corporate Finance) Andrew Burdis/Charlotte Sutcliffe (Corporate Broking) | ||
KTZ Communications | T: 020 3178 6378 | |
Katie Tzouliadis/Robert Morton |
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.