DX (Group) PLC Re full year accounts (8268Q)

TIDMDX.

RNS Number : 8268Q

DX (Group) PLC

15 September 2017

The information contained in this announcement is inside information for the purposes of article 7 of Regulation 596/2014.

15 September 2017

AIM: DX.

DX (Group) plc

("DX" or "the Company")

Re: Full year accounts

DX announces that, during the preparation of its final results for the year ended 30 June 2017, it has become aware of an incorrect application of accounting policies relating to lease incentives on one of its sites. Following appropriate application of the policies, there will be a non-cash impact of GBP1.8m to previously guided underlying profits for the year ended 30 June 2017. This does not impact prior accounting periods. Under the correct accounting treatment, the GBP1.8m lease incentive will be credited back over the remaining c.10 year term of the lease.

The audit of the full year results remains in progress and the Company continues to expect to announce its preliminary results in early Q4.

Enquiries:

 
 
   DX (Group) plc 
   Bob Holt, Ian Gray                    T: 0333 241 
                                          1525 
 
   Zeus Capital (Financial Adviser       T: 020 3829 
    and Nominated Adviser to DX)          5000 
   Nick How, Giles Balleny (Corporate 
    Finance) 
   Dominic King (Corporate Broking) 
 
   KTZ Communications                    T: 020 3178 
                                          6378 
   Katie Tzouliadis 
   Irene Bermont-Penn 
   Emma Pearson 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 15, 2017 02:00 ET (06:00 GMT)