DX (Group) PLC Appointment of Auditor (7208O)

TIDMDX.

RNS Number : 7208O

DX (Group) PLC

14 June 2022

AIM: DX.

DX (Group) plc

("DX", the "Company" or the "Group")

Appointment of New Auditor

DX is pleased to announce that PKF Littlejohn LLP ("PKF") has been appointed as the Company's new auditor, with the appointment taking effect immediately.

PKF will commence the audit of the Company's report and accounts for the financial period ended 3 July 2021 (the "2021 Audit") without delay, and will commence the audit of the Group's financial statements for the current financial year ending 2 July 2022 as soon as practicable.

Once the Company and PKF have agreed the 2021 Audit timetable, the Company will commence discussions with AIM, through its NOMAD, finnCap, to seek a derogation from AIM Rule 41 in order to allow time for the 2021 Audit to be completed and for AIM Rule 19 to be complied with. As noted in the Company's announcement on 10 May 2022, AIM Rule 19 requires the Company's accounts for the financial period ended 3 July 2021 to be published and sent to shareholders without delay and, in any event, not later than six months after the end of the financial year to which the accounts relate. The Company's failure to comply with that Rule resulted in the suspension in trading in the Company's shares on 4 January 2022 under AIM Rule 40. AIM Rule 41 provides London Stock Exchange plc (as the operator of AIM) with the ability to cancel admission of the Company's shares to trading on AIM where an AIM company's shares have been suspended for six months.

Further updates regarding the completion of the 2021 Audit will be made as required.

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.

Enquiries:

 
  DX (Group) plc 
   www.dxdelivery.com 
  Ron Series, Chairman                                  T: 020 3178 6378 
   Lloyd Dunn, Chief Executive Officer                   (c/o KTZ Communications) 
   David Mulligan, Chief Financial Officer 
 
  finnCap (Nominated Advisor and Joint                  T: 020 7220 0500 
   Broker to DX) 
  Matt Goode/Simon Hicks (Corporate Finance) 
   Andrew Burdis/Charlotte Sutcliffe (Corporate 
   Broking) 
 
  Liberum (Joint Broker to DX)                          T: 020 3100 2000 
  Robert Morton/Nick How/William Hall 
 
  KTZ Communications                                    T: 020 3178 6378 
  Katie Tzouliadis/Dan Mahoney 
 

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.

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June 14, 2022 02:00 ET (06:00 GMT)