DX (Group) PLC Issue of Equity and Total Voting Rights (5810M)

TIDMDX.

RNS Number : 5810M

DX (Group) PLC

12 January 2023

12 January 2023

AIM: DX.

DX (Group) plc

("DX", or the "Company")

Issue of Equity and Total Voting Rights

DX, the provider of delivery solutions, including parcel freight, secure courier and logistics services, announces that on 10 January 2023 it received a notification of exercise from Lloyd Dunn, a former Director, in relation to the exercise of 26,534,767 share options ("Options") over ordinary shares of 1p each in the Company ("Ordinary Shares") at an exercise price of 1.0 pence (the "Exercise") pursuant to the Company's Performance Share Plan 2017 (the "PSP").

Accordingly, following net settlement of these Options, application has been made for a total of 13,578,480 new Ordinary Shares to be issued to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on or around 18 January 2023.

The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following Admission, the Company's issued share capital consists of 597,217,387 Ordinary Shares, each with voting rights. Accordingly, the figure of 597,217,387 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Following the Exercise, there are options outstanding over 32,313,680 Ordinary Shares, representing 5.4% of the Company's enlarged issued share capital.

Enquiries:

 
  DX (Group) plc 
   www.dxdelivery.com 
  Mark Hammond, Executive Chairman                      T: 020 3178 6378 
   David Mulligan, Chief Financial Officer               (c/o KTZ Communications) 
 
  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 
  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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCSFLFLEEDSEEF

(END) Dow Jones Newswires

January 12, 2023 09:25 ET (14:25 GMT)