DX (Group) PLC Grant of share awards and PDMR notification (2673A)

TIDMDX.

RNS Number : 2673A

DX (Group) PLC

22 December 2017

22 December 2017

AIM: DX.

DX (Group) plc

("DX" or the "Company")

Grant of share awards and PDMR notification

DX, the independent parcels, mail and logistics operator, announces that on 21 December 2017 it made the following grants of conditional nominal cost share awards over ordinary shares of 1 penny each in DX ("Ordinary Shares") (the "Awards").

Ron Series, Executive Chairman, Lloyd Dunn, CEO, and Paul Ibbetson, who as Managing Director of DX Freight is considered a PDMR of the Company, received "Recovery Awards" over Ordinary Shares granted under the DX Performance Share Plan 2017. These awards have an exercise price of 1 penny per share and become exercisable subject to continued employment and share price targets.

Paul Goodson and Russell Black, both Non-executive Directors, received nominal-cost share awards under Restricted Share Award Contracts. These awards have an exercise price of 1 penny per share and become exercisable subject to continued employment.

 
PDMR                      Number 
                 of Ordinary Shares subject 
                       to the Awards 
--------------  --------------------------- 
Ron Series               8,169,000 
--------------  --------------------------- 
Lloyd Dunn              15,171,000 
--------------  --------------------------- 
Russell Black             291,750 
--------------  --------------------------- 
Paul Goodson              291,750 
--------------  --------------------------- 
Paul Ibbetson            4,000,000 
--------------  --------------------------- 
 

Enquiries:

 
   DX (Group) plc                        T: 0333 241 1525 
   Zoe Pepper, General Counsel and 
    Company Secretary 
 
   Zeus Capital (Nominated Adviser       T: 020 3829 5000 
    to DX) 
   Nick How, Giles Balleny (Corporate 
    Finance) 
   Dominic King (Corporate Broking) 
 
   KTZ Communications                    T: 020 3178 6378 
   Katie Tzouliadis 
   Irene Bermont-Penn 
   Emma Pearson 
 

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------- 
 a)   Name                     1. Ron Series 
                                2. Lloyd Dunn 
                                3. Russell Black 
                                4. Paul Goodson 
                                5. Paul Ibbetson 
---  ------------------  --------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------- 
 a)   Position/status          1. Executive Chairman 
                                2. Chief Executive Officer 
                                3. Non-executive Director 
                                4. Non-executive Director 
                                5. Managing Director, DX Freight 
---  ------------------  --------------------------------------- 
 b)   Initial             Initial notification 
       notification 
       /Amendment 
---  ------------------  --------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------- 
 a)   Name                DX (Group) plc 
---  ------------------  --------------------------------------- 
 b)   LEI                 213800LA2YGSOFIYIH95 
---  ------------------  --------------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ----------------------------------------------------------- 
 a)   Description         Ordinary Shares of GBP0.01 each 
       of the financial    ISIN: GB00BJTCG679 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
---  ------------------  --------------------------------------- 
 b)   Nature of           Grant of conditional share awards 
       the transaction 
---  ------------------  --------------------------------------- 
 c)   Price(s)              Price          No. of shares 
       and volume(s)        -------------  -------------- 
                                  1. nil    8,169,000 
                            -------------  -------------- 
                                  2. nil    15,171,000 
                            -------------  -------------- 
                                  3. nil    291,750 
                            -------------  -------------- 
                                  4. nil    291,750 
                            -------------  -------------- 
                                  5. nil    4,000,000 
                            -------------  -------------- 
---  ------------------  --------------------------------------- 
 d)   Aggregated          N/A 
       information 
       - Aggregated 
       volume 
       - Price 
---  ------------------  --------------------------------------- 
 e)   Date of             21 December 2017 
       the transaction 
---  ------------------  --------------------------------------- 
 f)   Place of            Outside a trading venue 
       the transaction 
---  ------------------  --------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 22, 2017 08:13 ET (13:13 GMT)