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14 Jul 2016 09:14
14 July 2016
AIM: DX.
This announcement contains inside information.
DX (Group) plc
("DX" or "the Company" or "the Group")
Trading Update and Board Change
DX, a leading independent parcels, mail and logistics operator, provides a trading update for the year ended 30 June 2016, including its proposed new central hub and contract with Her Majesty's Passport Office ("HMPO"). In addition, it reports a change to its Board of Directors.
The Company is pleased to confirm that trading for the year ended 30 June 2016 is in line with management expectations, following a satisfactory second half. In terms of progress with its proposed new central hub in the West Midlands, the Board is proceeding with an appeal of the decision made by the local planning authority announced on 18 May, as well as considering suitable alternative sites. Regarding its contract with HMPO, the Company is pleased to confirm that the tender process is now underway with the outcome expected by October.
The Company also announces that Ian Pain, Chief Financial Officer, has decided to step down from his role and the Board to pursue new opportunities. The process to identify his replacement is underway and Ian will remain with the Group in order to ensure an orderly handover with his successor. The Group will make a further announcement regarding an appointment in due course.
DX's full year results are scheduled to be announced in mid-September 2016.
Enquiries:
DX (Group) plc | ||
Bob Holt, Chairman | M: 07778 798816 | |
Petar Cvetkovic, Chief Executive | T: 01753 631 624 | |
Ian Pain, Chief Financial Officer | ||
Zeus Capital (Nominated Advisor and Joint Broker) | T: 020 3829 5000 | |
Nick How, Dominic King | ||
Numis Securities (Joint Broker) | T: 020 7260 1314 | |
Stuart Skinner, Toby Adcock | ||
KTZ Communications | T: 020 3178 6378 | |
Katie Tzouliadis, Viktoria Langley, Emma Pearson |
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