DX (Group) PLC AGM Statement (9110U)

TIDMDX.

RNS Number : 9110U

DX (Group) PLC

28 November 2019

28 November 2019

AIM: DX.

DX (Group) plc

("DX" or "the Group")

AGM Statement

DX, the provider of delivery solutions, including parcel freight, secure, courier and logistics services, will be holding its Annual General Meeting this morning, and Ron Series, Executive Chairman, will make the following short statement on current trading:

"Group trading in the first four months of the new financial year shows a stepped improvement over the same period last year. This reflects the structural organisational and operational changes made in both divisions, DX Express and DX Freight, over the last 18 months, and in particular the continuing performance improvement at DX Freight. Management's attention is now focused on sales and operational improvements across all areas of activity with the Group's ongoing transformation being supported by a major GBP10m investment programme covering IT systems, mechanisation, and site improvements.

"DX's trading is seasonally weighted towards the second half of the financial year, and taking this into account, the Board believes that the Group is well-positioned for continuing progress and to meet its targets for the current financial year.

"We expect to report on interim results in early March."

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Enquiries:

 
 DX (Group) plc 
  www.dxdelivery.com 
 Ronald Series, Executive Chairman                    T: 020 3178 6378 
  Lloyd Dunn, Chief Executive Officer                  (c/o KTZ Communications) 
  David Mulligan, Chief Financial Officer 
 
 finnCap (Nominated Advisor and Broker)               T: 020 7220 0500 
 Matt Goode/Simon Hicks/Hannah Boros (Corporate 
  Finance) 
  Andrew Burdis/Camille Gochez (ECM) 
 
 KTZ Communications                                   T: 020 3178 6378 
 Katie Tzouliadis/ Dan Mahoney 
 

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November 28, 2019 02:00 ET (07:00 GMT)